Cabot Microelectronics Corp. Earnings Rise 106% In Q1

(RTTNews) - Cabot Microelectronics Corp. (CCMP) announced a profit for its first quarter that climbed from last year.

The company said its bottom line climbed to $23.29 million, or $0.92 per share. This was up from $11.31 million, or $0.46 per share, in last year's first quarter.

The company said revenue for the quarter rose 22.8% to $123.25 million. This was up from $100.37 million last year.

Cabot Microelectronics Corp. earnings at a glance:

-Earnings (Q1): $23.29 Mln. vs. $11.31 Mln. last year. -Earnings Growth (Y-o-Y): 105.9% -EPS (Q1): $0.92 vs. $0.46 last year. -EPS Growth (Y-o-Y): 100% -Revenue (Q1): $123.25 Mln vs. $100.37 Mln last year. -Revenue Change (Y-o-Y): 22.8%