Cabot Microelectronics Corp. (CCMP) reported first quarter net income of $13.12 million or $0.56 per share, compared to $116 thousand or $0.01 per share last year.
Quarterly revenues rose to $97.67 million from $63.02 million in the previous year.
Analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter on revenue of $90.02 million. Analysts' estimates typically exclude special items.
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