still expects to report fourth-quarter earnings of 71 cents a share and revenue of $415 million, according to a report.
The semiconductor equipment maker's forecast is in line with Wall Street's expectations, according to
First Call/Thomson Financial
The company also expects fourth-quarter orders of $450 million, according to the report on
Dow Jones Newswires
Salomon Smith Barney
lowered its 2001 growth outlook for the semiconductor equipment industry and warned that the bad news coming out of the sector is only in its early stages.
Salomon said it expected Novellus to lower bookings and earnings expectations, amid push-outs of front-end equipment orders from major chipmakers in November.