Novellus (NVLS) Tops Q2 EPS by 3c, Revenue Falls Just Short; Guides Q3

July 11, 2011 4:07 PM EDT
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Price: $2.40 --0%

Financial Fact:
Interest income: 1.4M

Today's EPS Names:
CCEL, MHGU, NRIX, More
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Novellus Systems, Inc. (NASDAQ: NVLS) reported Q2 EPS of $0.79, $0.03 better than the analyst estimate of $0.76. Revenue for the quarter came in at $350.2 million versus the consensus estimate of $352.32 million.

On its Q2 conference call, a Novellus exec offered the following outlook: sees Q3 adj-EPS of 60-75c on sales of $300-$340 million. The Street is currently looking for Q3 adj-EPS of 87c on sales of $363 million.


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