Cabot Microelectronics Corp. Earnings Decline 22% In Q4

(RTTNews) - Cabot Microelectronics Corp. (CCMP) announced a profit for fourth quarter that decreased from last year.

The company said its profit fell to $12.37 million, or $0.50 per share. This was down from $15.83 million, or $0.65 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.9% to $100.14 million. This was down from $116.34 million last year.

Cabot Microelectronics Corp. earnings at a glance:

-Earnings (Q4): $12.37 Mln. vs. $15.83 Mln. last year. -Earnings Decline (Y-o-Y): -21.9% -EPS (Q4): $0.50 vs. $0.65 last year. -EPS Decline (Y-o-Y): -23.1% -Analysts Estimate: $0.47 -Revenue (Q4): $100.14 Mln vs. $116.34 Mln last year. -Revenue Change (Y-o-Y): -13.9%