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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.

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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

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Keywords: Cabot Microelectronics, Earnings Report