Stifel Nicolaus Downgrades Rudolph Technologies (RTEC) to Hold

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Rudolph Technologies, Inc. (RTEC) Misses Q1 EPS by 1c

April 28, 2014 4:09 PM EDT

Rudolph Technologies, Inc. (NASDAQ: RTEC) reported Q1 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $41.6 million versus the consensus estimate of $44.71 million.

Paul F. McLaughlin, Chairman and Chief Executive Officer, commented, Our business for the first quarter was evenly balanced, with front-end customers comprising 53 percent of revenue and 47 percent from back-end customers. During the quarter, we shipped a JetStep system for advanced packaging applications to a customer presently using Rudolphs lithography systems in volume production, who foresees expanding capacity needs that will... More