Novellus Systems Ahead of Earnings

Published on Wednesday, 01 February 2012 13:24 Written by Christopher Lynn

New York, February 1st (TradersHuddle.com) - Shares of Novellus Systems, Inc. (NASDAQ:NVLS) are trading higher by +2.23% ahead of its quarterly earnings release. Novellus Systems, the equipment maker used for chips manufacturing is expected to release its quarterly results on January 2^nd.

Wall Street Analysts consensus calls for a profit of $0.47 a share on $277.26 million revenue.

Novellus Systems estimates have a range of $0.12 a share. The high estimate calls for profit of $0.52 a share and the low estimate is calling for a profit of $0.4 a share, a year ago for the quarter the company reported $1.03 a share.

Novellus Systems, Inc. (NASDAQ:NVLS) manufactures, markets, and services equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. The Company also develops, manufactures, sells and supports grinding, lapping and polishing equipment for a broad spectrum of industrial applications.