Novellus Systems Inc. (NVLS) reported first-quarter net income of $44.4 million or $0.59 per share, compared to $96.4 million or $1.04 per share in the previous year period.
Net income excluding certain charges and benefits dropped to $45.99 million or $0.61 per share from $96.47 million or $1.04 per share in the comparable quarter last year. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.61 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the first quarter dropped to $326.72 million from $413.19 million last year, while fourteen analysts estimated revenues of $316.21 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.