Rudolph Technologies Inc (RTEC) Releases Earnings Results, Beats Expectations By $0.07 EPS

Rudolph Technologies Inc (RTEC) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.24. The company posted revenue of $62.70 million in the period, compared to analysts expectations of $60.26 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Rudolph Technologies Inc. Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .Company shares were Reiterated by Stifel on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

Rudolph Technologies Inc opened for trading at $16.27 and hit $16.53 on the upside on Thursday, eventually ending the session at $16.36, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 3,52,776 shares. Company has a market cap of $505 M.

In a different news, on May 25, 2016, Daniel H Berry (director) sold 5,000 shares at $14.35 per share price. According to the SEC, on Nov 20, 2015, Paul F Mclaughlin (Chairman) sold 44,184 shares at $14.59 per share price. On Nov 16, 2015, Leo Berlinghieri (director) sold 16,800 shares at $14.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Rudolph Technologies Inc. is engaged in the design development manufacture and support of defect inspection advanced packaging lithography thin film metrology and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection lithography probe card test and analysis and transparent and opaque thin film measurements. The Company provides its technologies in business areas including Inspection Business Lithography Business Metrology Business and Yield Management and Process Control Software. It markets and sells its products to memory data storage flat panel and application-specific integrated circuit (ASIC) device manufacturers.

Rudolph Technologies Inc

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