Novellus Sees 3Q Non-GAAP Loss Of 15 Cents/Share To Break-Even
13 Julio 2009 - 6:48PM
Noticias Dow Jones
Novellus Systems Inc. (NVLS) expects to report results for the
third quarter in the range of a loss of 15 cents a share to
break-even on a non-GAAP basis, as business conditions for
chip-equipment makers improve from deeply depressed levels.
Revenue is expected within the range of $150 million to $180
million with gross margins at 40%, plus or minus 2 percentage
points.
"Clearly, things are improving, and they're improving not only
because of the market but also because what we're doing," Chief
Executive Richard Hill said during a conference call hosted at
Semicon West, an industry conference.
Hill said the company is taking "proactive steps" to shrink the
business in line with expected future demand.
The San Jose, Calif.-based maker of the tools used in
semiconductor manufacturing also said bookings - a closely watched
indicator of future business - will be up 20% to 50%.
The outlook tops analysts' average estimates, which call for a
loss of 24 cents a share on revenue of $139.2 million, according to
Thomson Reuters.
Novellus shares were recently down 1.5% to $18.38 in after-hours
trading. The stock price has soared 81% in the past eight months on
hopes that the worst is over for the long-struggling sector.
-By Jerry A. DiColo, Dow Jones Newswires; 212-416-2155;
jerry.dicolo@dowjones.com