Novellus Jumps After Earnings (NVLS)

Novellus Systems NVLS released its Q4 earnings results on Monday after the closing bell. The company reported net income of $81.5 million, or $0.89 per share, compared to $35.2 million, or $0.36 per share, in last year's fourth quarter. On an adjusted basis, EPS was $1.03. Revenue was $384.4 million compared to $367.2 million in the year ago period. Wall Street analysts had expected the company to report EPS of $0.93 on revenue of $377.9 million. In the after hours, NVLS shares have risen 4.52% to $37.70.