Semiconductor equipment manufacturer Cabot Microelectronics (CCMP) is down 9% after reporting...

|About: Cabot Microelectronics Corp... (CCMP)|By:, SA News Editor

Semiconductor equipment manufacturer Cabot Microelectronics (CCMP) is down 9% after reporting FQ3 revenue and EPS of $111.8M (+10% Y/Y) and $0.54, below a consensus of $114.5M and $0.68. Gross margin fell to 47.4% from 49.1% in the year-ago period, which the company attributes to forex issues and price cuts. (PR)