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Cabot posts 3Q profit

AURORA, Ill. (AP) _ Cabot Microelectronics Corp. (CCMP) on Thursday reported fiscal third-quarter net income of $19.9 million.

On a per-share basis, the Aurora, Illinois-based company said it had net income of 77 cents. Earnings, adjusted for non-recurring costs, came to 81 cents per share.

The chip equipment maker posted revenue of $128 million in the period.

Cabot shares have climbed 28 percent since the beginning of the year. The stock has risen 73 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCMP at https://www.zacks.com/ap/CCMP


Keywords: Cabot Microelectronics, Earnings Report