AP NEWS

Cabot: Fiscal 4Q Earnings Snapshot

November 18, 2019

AURORA, Ill. (AP) _ Cabot Microelectronics Corp. (CCMP) on Sunday reported a fiscal fourth-quarter loss of $20.2 million, after reporting a profit in the same period a year earlier.

The Aurora, Illinois-based company said it had a loss of 70 cents per share. Earnings, adjusted for asset impairment costs and amortization costs, came to $1.68 per share.

The chip equipment maker posted revenue of $278.6 million in the period.

For the year, the company reported profit of $39.2 million, or $1.35 per share. Revenue was reported as $1.04 billion.

Cabot shares have climbed 64% since the beginning of the year. The stock has increased 53% in the last 12 months.

_____

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