Cabot Microelectronics Corp (CCMP) Misses Q3 EPS by 10c

Cabot Microelectronics Corp (NASDAQ: CCMP) reported Q3 EPS of $0.53, $0.10 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $108.4 million versus the consensus estimate of $111.78 million.

"We are pleased to have achieved record revenue in our Tungsten and Advanced Dielectrics slurry businesses this quarter, as well as additional year-over-year revenue growth in our Aluminum slurry and CMP Pads businesses, and nearly 40 percent revenue growth in China," said William Noglows, Chairman and CEO of Cabot Microelectronics. "We believe our broad and deep capabilities as a CMP technology leader, including global infrastructure close to our customers around the world, and a commitment to excellence in global supply chain management and quality systems, differentiate us from our competitors. Based on this, we believe we are well-positioned to leverage advanced technologies such as 3D NAND, FinFet and multi-patterning, which have driven the need for new innovations in fab materials and should drive increased demand for CMP consumables."

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