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Novellus (NVLS) reported fourth quarter revenues of $438.5 million, near the top of the $430 million to $440 million the company forecast in reducing its guidance in December, with pro forma net income of 63 cents a share, above the previous guidance of 57-60 cents a share.

Bookings for the quarter came in at $441.6 million, consistent with previous guidance of $425 million to $445 million.

What I don’t have just yet is their guidance for the March quarter; as I noted in a post earlier today, there were worries on the Street that the company could provide weak bookings guidance for the March quarter (Bear Stearns downgraded the stock this morning, in fact).

In after hours trading, the semiconductor equipment maker’s shares are up 39 cents, at $31.

NVLS 1-yr chart

nvls chart

Source: Novellus: Q4 EPS Tops Guidance