Novellus Net Soars

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Earnings Analysis:

Novellus Net Soars

Author: George Shopov
123jump.com

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Chip-equipment manufacturer Novellus Systems reported that its quarterly earnings surged 40%, aided by higher bookings and strong performance in all of its products at 200 mm and 300 mm.

The stock slipped 0.36% to $63.57 at market close Monday.

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