Regions :: North America
Cabot Micro earnings decline 6.7%
10:22 AM MST | January 24, 2013 | Vincent Valk
Cabot Microelectronics today reported fiscal first-quarter earnings of $9.7 million, down 6.7% from the year-ago period, on sales up 4.3% year-on-year (YOY), to $106.5 million. Earnings totaled 41 cts/share, short of analysts’ consensus of 43 cts/share, as reported by Thomson Reuters (New York). The company’s fiscal first-quarter ended on 31 December. Earnings fell primarily due to a $1.7 million adverse tax adjustment related to a facility in Korea that opened in 2011, Cabot Microelectronics says. That was offset by higher revenue and lower...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee