Rudolph Technologies Second Quarter Revenue to Exceed Guidance, Sequential Revenue Growth Forecast for the Third Quarter Wednesday July 9, 9:07 am ET
FLANDERS, NJ--(MARKET WIRE)--Jul 9, 2008 -- Rudolph Technologies, Inc. (NasdaqGS:RTEC - News), a leading provider of process characterization equipment and software for both front-end and back-end inspection and metrology solutions, today pre-announced that its second quarter 2008 revenue will exceed the high end of Company guidance and finish above $38 million. Earnings per share guidance for the second quarter 2008 remains unchanged. Furthermore, the Company now anticipates quarterly sequential revenue growth in the 2008 third quarter.
"We are very pleased with the revenue growth we are seeing," commented Paul F. McLaughlin, Chairman and Chief Executive Officer. "The strengthening of our back-end business, the early acceptance of some of our new products, and an acceleration of product sales resulting from our recent acquisitions have enabled us to exceed our previous revenue guidance of flat to down five percent for the second quarter of 2008 ending June 30th. We expect these positive drivers to continue which in turn guides our forecast for sequential revenue growth in the 2008 third quarter."