Rudolph Technologies (RTEC) Tops Q2 EPS by 5c

Rudolph Technologies (NYSE: RTEC) reported Q2 EPS of $0.23, $0.05 better than the analyst estimate of $0.18. Revenue for the quarter came in at $59.5 million versus the consensus estimate of $57.45 million.

Paul F. McLaughlin, Chairman and Chief Executive Officer, commented, “Rudolph again delivered solid earnings, with second quarter results marking the Company’s fifth consecutive quarter of growth. Continued robust demand for our back-end advanced packaging solutions resulted in higher than initially forecasted revenue, and gross margin and net income also exceeded guidance. Our continued profitable growth underscores Rudolph’s evolution from that of a process control company to a process enabling company. Our broad and diversified portfolio of products and services for an expanded customer base allows us to strategically address both the front-end and back-end, which has facilitated the expansion of our total available market. By strengthening our position as a total value-added solutions provider, and combining product, service and software, our advanced products are meeting the highly demanding requirements of our customers.”

Mr. McLaughlin concluded, “We are immensely gratified by the rapid adoption of new Rudolph products. By working closely with industry leaders, we continue to increase our capabilities, leveraging the entirety of our core technologies to provide comprehensive and cost-effective solutions to our customers. We are differentiating ourselves by utilizing solutions, combining technologies and looking at creative ways to interact with other suppliers to provide higher value solutions to customers, such as the manufacture of RF devices using SAW and BAW filters, which have emerged as the best technology to meet the multi-frequency, signal filtering requirements of smartphones. Our tremendously broad product technology portfolio gives us the opportunity to sell to multiple industries and accounts, thereby positioning us for future growth and success.”

For earnings history and earnings-related data on Rudolph Technologies (RTEC) click here.

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