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Earnings Preview: Novellus Systems

Published on Friday, 09 July 2010 10:48 Written by Christopher Lynn

nvls New York, July 9th (TradersHuddle.com) - Shares of Novellus Systems, Inc. (NASDAQ:NVLS) are trading lower by -0.42% ahead of its quarterly earnings release. Novellus Systems, the equipment maker used for chips manufacturing is expected to release its quarterly results on July 12th.

Wall Street Analysts consensus calls for a profit of $0.6 a share on $312.01 million revenue.

Novellus Systems estimates have a range of $0.15 a share. The high estimate calls for profit of $0.7 a share and the low estimate is calling for a profit of $0.55 a share, a year ago for the quarter the company reported $-0.41 a share.

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