Novellus Systems Inc. (NVLS) announced that its third-quarter net loss was $4.0 million or $0.04 per share, compared to net income of $1.4 million or $0.01 per share in the year ago quarter.
The company said that third quarter 2009 results of operations include $1.2 million in charges related to the consolidation of manufacturing facilities in our Tualatin, Oregon facility and $1.8 million in additional charges primarily due to reductions in workforce. These charges are offset by several discrete tax items with a net aggregate tax benefit of $1.0 million for the third quarter of 2009.
Excluding items, net loss for the quarter was $2.5 million, or $0.03 per share, compared to net income of $2.8 million or $0.03 per share in the year ago quarter.
Net sales for the third quarter were $176.9 million, down 29.3% from $250.1 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share on revenues of $172.43 million for the quarter. Analysts' estimates typically exclude special items.
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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.