Cabot Microelectronics Corp. Q3 Profit Climbs 100%

(RTTNews) - Cabot Microelectronics Corp. (CCMP) announced earnings for its third quarter that climbed from last year.

The company said its bottom line came in at $19.45 million, or $0.79 per share. This was higher than $9.74 million, or $0.39 per share, in last year's third quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.3% to $108.15 million. This was up from $97.17 million last year.

Cabot Microelectronics Corp. earnings at a glance:

-Earnings (Q3): $19.45 Mln. vs. $9.74 Mln. last year. -Earnings Growth (Y-o-Y): 99.7% -EPS (Q3): $0.79 vs. $0.39 last year. -EPS Growth (Y-o-Y): 102.6% -Analysts Estimate: $0.56 -Revenue (Q3): $108.15 Mln vs. $97.17 Mln last year. -Revenue Change (Y-o-Y): 11.3%

-Guidance: Full year revenue guidance: $