Novellus Gains on Guidance - TheStreet

Novellus (NVLS) was up 3.3% in preopen Island trading. After the close Thursday, the chip equipment maker maintained its prior financial guidance for the second quarter.

Novellus said it still sees bookings of $220 million, revenue of $379 million and earnings of 40 cents a share, compared with 56 cents a share in the same period last year. The Street's earnings consensus is 39 cents a share for the second quarter.