Cabot: Fiscal 1Q Earnings Snapshot
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.