Novellus Systems ( NVLS) 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.

Crown Holdings ( CCK) 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.

Rambus ( RMBS) 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.

Open Solution ( OPEN)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.

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