Rudolph Technologies (RTEC) Warns for Q3 EPS

Rudolph Technologies, Inc. (NYSE: RTEC) falls 11.9% after-hours after the company revised its third quarter revenue to a range of $59 to $61 million ahead of its 2018 third quarter earnings call to be held November 1, 2018. In that range, the Company expects third quarter GAAP diluted earnings per share to be in the range of $0.18 to $0.21 and non-GAAP diluted earnings per share to be in the range of $0.22 to $0.25, versus the consensus of $0.35.

Michael Plisinski, chief executive officer, stated, "It was a disappointing quarter as we experienced expansion delays from front-end metrology customers that totaled approximately $6 million. One customer, a top-tier foundry, cancelled planned investments in their existing node and will focus on their next node, planned for 2019. In addition, one of our memory customers pushed out several tools into 2019 because of expansion delays at their facility in Taiwan.”

Rudolph will release actual 2018 third quarter financial results after the market closes on Thursday, November 1, 2018.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c