Chip Equipment Maker Nanometrics Falls on Revenue Warning

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Nanometrics (NANO) - Get Report was down 16.5% after the semiconductor equipment manufacturer said its third-quarter revenue will fall short of expectations.

The company cited overcapacity and a weaker economy in the U.S. and Japan.

The company expects revenue to fall 35% from the second quarter, compared with earlier expectations estimates of flat sequential revenue growth.

Another manufacturing equipment maker,

Dover

(DOV) - Get Report

was up 1.1% after it issued an earnings warning late Thursday. Dover said earnings for the third quarter will be 15 to 18 cents a share, below the consensus estimate of 27 cents and much lower than the year-ago period's 67 cents.

Dover, which makes a broad range of industrial products, blamed the worsening conditions in the electronics market.