UPDATE: Rudolph Technologies (RTEC) PT Lowered to $30 at Stifel

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Go back to UPDATE: Rudolph Technologies (RTEC) PT Lowered to $30 at Stifel

Rudolph Technologies Revises 2018 Third Quarter Guidance Ahead of Scheduled Financial Results Conference Call on November 1, 2018

October 3, 2018 4:05 PM EDT

WILMINGTON, Mass.--(BUSINESS WIRE)-- Rudolph Technologies, Inc. (NYSE: RTEC) has 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.

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... More