Novellus Earnings Preview

Novellus Systems NVLS is set to report its quarterly earnings results after the closing bell on Monday. Wall Street analysts anticipate the company will report earnings per share of $0.76. This compares to the $0.67 the company reported in the year ago period. Revenues are expected to come in at $352.32 million for the June quarter. In last year's corresponding quarter, NVLS reported revenue of $321.37 million. Over the last 90 days, analysts have revised their consensus EPS estimates down from $1.00 indicating that they have become more bearish on the company's outlook. Over the last 3 months, NVLS shares have risen 5.12%. During Monday's trading session the stock is down 0.42% ahead of this report, which is considerably less than the broader market.