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Cymer Q3 Profit Down

Cymer Inc. (CYMI: Quote) reported that its third-quarter net income totaled $9.8 million or $0.31 per share, compared to net income of $11.3 million or $0.36 per share in the third quarter of 2011.

Revenue for the quarter totaled $131.5 million compared to revenue of $128.7 million in the third quarter of 2011.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.07 per share on revenues of $148.65 million for the quarter. Analysts' estimates typically exclude special items.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
After moving mostly higher over the course of the previous week, stocks showed a notable move back to the downside during trading on Monday. With the drop on the day, the Dow pulled back well off last Friday's record closing high. After reporting four consecutive monthly increases, the National Association of Realtors released a report on Monday showing an unexpected drop in U.S. existing home sales in the month of August. NAR said existing home sales fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August. The European Central Bank remains ready to use additional unconventional tools to counter risks to the inflation outlook and to boost the euro area economy, ECB President Mario Draghi said on Monday. "The Governing Council remains fully determined to counter risks to the medium-term outlook for inflation," Draghi said in Brussels.
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