Cabot Microelectronics Corp. Reveals 25% Decline In Q2 Earnings

(RTTNews) - Cabot Microelectronics Corp. (CCMP) reported a profit for second quarter that declined from last year.

The company said its bottom line dropped to $10.17 million, or $0.41 per share. This was lower than $13.63 million, or $0.55 per share, in last year's second quarter.

The company said revenue for the quarter fell 5.4% to $99.24 million. This was down from $104.86 million last year.

Cabot Microelectronics Corp. earnings at a glance:

-Earnings (Q2): $10.17 Mln. vs. $13.63 Mln. last year. -Earnings Decline (Y-o-Y): -25.4% -EPS (Q2): $0.41 vs. $0.55 last year. -EPS Decline (Y-o-Y): -25.5% -Revenue (Q2): $99.24 Mln vs. $104.86 Mln last year. -Revenue Change (Y-o-Y): -5.4%