Rudolph Technologies (RTEC) Tops Q1 EPS by 11c

Rudolph Technologies (NYSE: RTEC) reported Q1 EPS of $0.51, $0.11 better than the analyst estimate of $0.40. Revenue for the quarter came in at $73 million versus the consensus estimate of $68.93 million.

2018 First Quarter Highlights

• First quarter revenue of $73.1 million, an increase of 22 percent sequentially and a 20 percent increase over the 2017 first quarter.
• Gross margin increased to 58 percent.
• Shipped a second Gen 4.5 lithography tool to one of the two leading OLED display manufacturers in China for pilot builds of future generation high resolution mobile displays.
• Software sales increased 48 percent over the prior quarter.
• Record shipments to China in the first quarter represented 25 percent of total revenue.
• First Firefly™ inspection system purchased by new RF customer, expanding the customer base.

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

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