Cabot Microelectronics Corp. (CCMP) reported second quarter net loss of $10.11 million or $0.44 per share, compared to a net income of $7.94 million or $0.34 per share in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report loss of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter decreased 52% to $45.4 million from $94.49 million in the prior year quarter. Analysts expected the company to report revenue of $44.64 million for the quarter.
The company expects its full year operating expenses to be in the range of $115 million to $120 million for fiscal 2009.
The company reiterates that it no longer expects to achieve gross profit within its previous full year guidance range of 46% to 48% of revenue for fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.