AP NEWS

Cabot: Fiscal 1Q Earnings Snapshot

February 7, 2019

AURORA, Ill. (AP) _ Cabot Microelectronics Corp. (CCMP) on Wednesday reported fiscal first-quarter net income of $13.4 million, after reporting a loss in the same period a year earlier.

The Aurora, Illinois-based company said it had net income of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.

The chip equipment maker posted revenue of $221.8 million in the period.

Cabot shares have risen slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $103.31, an increase of nearly 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCMP at https://www.zacks.com/ap/CCMP

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