Cabot Microelectronics Corp. Q4 Income Rises 82%

(RTTNews) - Cabot Microelectronics Corp. (CCMP) released earnings for its fourth quarter that rose from last year.

The company said its bottom line came in at $22.51 million, or $0.91 per share. This was up from $12.37 million, or $0.50 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 22.5% to $122.68 million. This was up from $100.14 million last year.

Cabot Microelectronics Corp. earnings at a glance:

-Earnings (Q4): $22.51 Mln. vs. $12.37 Mln. last year. -Earnings Growth (Y-o-Y): 82.0% -EPS (Q4): $0.91 vs. $0.50 last year. -EPS Growth (Y-o-Y): 82.0% -Analysts Estimate: $0.71 -Revenue (Q4): $122.68 Mln vs. $100.14 Mln last year. -Revenue Change (Y-o-Y): 22.5%