late Monday posted a third-quarter profit of $23.4 million, or 17 cents a share, down from $64.7 million, or 45 cents a share a year ago. Novellus' revenue for the quarter slid 18.5% to $338.9 million from $415.9 million last year. "Our gross margin suffered because of higher warranty costs, lower absorption of operations overheads and other timing effects," said Richard Hill, chairman and chief executive.
Excluding certain charges, the semiconductor-equipment maker would have earned $28.7 million, or 21 cents a share. Analysts expected a profit of 21 cents a share on revenue of $321, according to Thomson First Call. Novellus also offered a softer-than-expected projection for its fiscal fourth quarter. The stock fell $2, or 8%, to $22.89 in after-hours trading.
said it earned $78 million, or 45 cents a share, for the third quarter, up from $58 million, or 35 cents a share, a year ago. The Philadelphia-based supplier of packaging products reported a 5.6% increase in quarterly revenue to $1.93 billion from $1.83 billion last year. Analysts polled by First Call expected earnings of 42 cents a share on revenue of $2.1 billion. The stock was unchanged at $16.
said its third-quarter earnings rose to $14.5 million, or 14 cents a share, from $10.4 million, or 10 cents a share, a year ago. The latest results included a pretax gain of $18.6 million from a note repurchase. Revenue dropped 7% to $36 million from $38.8 million last year. According to First Call, analysts expected earnings of 2 cents a share on revenue of $33.1 million. The stock was up 53 cents, or 4.6%, to $12.13 in after-hours trading Monday.
lowered its third-quarter earnings estimate, citing higher-than-expected implementation costs and bonus commissions. The provider of data processing technology said it now expects earnings of $3.7 million to $3.9 million, or 17 cents to 19 cents share, down from its previous forecast of $4.4 million to $4.9 million, or 20 cents to 21 cents a share. Open Solution narrowed its revenue projection to $48.5 million to $49.5 million from $47.5 million to $49.5 million. The stock fell $1.46, or 6.8%, to $20.12 in after-hours trading.
( BGP) lowered its third-quarter earnings forecast, citing weaker-than-expected sales across store formats in the U.S. and the U.K. The book retailer said it now expects to report a loss of 16 cents to 20 cents a share, wider then the loss of 8 cents to 12 cents a share it previously projected. Both forecasts include 2 cents to 3 cents a share in charges. Analysts polled by First Call expected a loss of 10 cents a share for the third quarter. Borders said same-store sales decreased 0.7% at its superstores and 5.4% at Waldenbooks. The company had forecast same-store sales at its superstores to be flat to up slightly and same-store sales at Waldenbooks to be flat to down in the low-single digits. The stock fell $1.19, or 5.6%, to $19.90 in after-hours trading.
said it earned $10.9 million, or 22 cents a share, for the third quarter ended Oct. 2, down from $11.7 million, or 25 cents a share, a year ago. The manufacturer of machine vision systems reported revenue for the quarter of $58.3 million, up from $55.4 million last year. Analysts polled by First Call expected earnings of 22 cents a share on sales of $59.3 million. For the fourth quarter, Cognex expects to earn 24 cents to 27 cents a share on revenue of $61 million to $64 million, in line with Wall Street's forecast of 25 cents a share on sales $63.3 million. The stock was down 56 cents, or 1.9%, to $28.64 in after-hours trading.
Rocky Shoes & Boots
estimated its third-quarter earnings to be $1.13 to $1.15 a share on revenue of $94 million, below analysts' forecast for earnings of $1.34 a share and sales of $100 million. "Our core outdoor footwear business was negatively impacted during the third quarter, primarily due to warm, dry weather in several of our major markets, as well as weak consumer confidence and a challenging retail environment," Mike Brooks, chairman and chief executive. The company also said it received a $30 million order to produce "hot weather" boots for the U.S. military. Shipment of the boots is expected to start in the fourth quarter. The stock was down 21 cents, or 0.73%, to $28.62 in after-hours trading.
reported its third-quarter net income rose to $121 million, or $2.62 a share, from $105.1 million, or $2.36 a share, a year earlier. The homebuilder said revenue for the quarter rose to $1.2 billion from $1 billion last year. Analysts expected earnings of $2.56 a share on revenue of $1.2 billion, according to First Call. The stock was unchanged in late trading Monday at $70.12.