Novellus (NVLS) is down 1% AH as the chip equipment maker uses its mid-quarter update to...

|About: Novellus Systems, Inc. (NVLS-OLD)|By:, SA News Editor

Novellus (NVLS) is down 1% AH as the chip equipment maker uses its mid-quarter update to positively narrow its FQ3 EPS range to $0.65-$0.75 from a prior $0.60-$0.75, and negatively narrow its revenue range to $300M-$320M from a prior $300M-$400M. Novellus fell hard in July on disappointment in the company's bookings and guidance.