AP NEWS

Cabot: Fiscal 1Q Earnings Snapshot

February 6, 2020 GMT

AURORA, Ill. (AP) _ Cabot Microelectronics Corp. (CCMP) on Wednesday reported fiscal first-quarter net income of $38.5 million.

On a per-share basis, the Aurora, Illinois-based company said it had net income of $1.30. Earnings, adjusted for non-recurring costs, were $1.92 per share.

The chip equipment maker posted revenue of $283.1 million in the period.

Cabot shares have climbed nearly 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $156.71, a rise of 53% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCMP at https://www.zacks.com/ap/CCMP