Rudolph Technologies Earnings: Here’s Why the Stock is Up Now

Rudolph Technologies Inc. (NASDAQ:RTEC) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 2.27%.

Rudolph Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 73.91% to $0.06 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Decreased 18.16% to $46.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rudolph Technologies Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.06. It missed the average revenue estimate of $46.14 million.

Quoting Management: “Our strong financial results for the second quarter were within guidance,” commented Paul F. McLaughlin, Chairman and Chief Executive Officer. “On a sequential basis, we grew revenue 11%; and non-GAAP net income of $2.0 million, or $0.06 per share, increased from $1.6 million, or $0.05 per share. Our unique business model drove a very balanced quarter, with front-end and back-end businesses each accounting for approximately 50% of revenues. As we projected, overall trends in our core back-end business improved as the second quarter progressed and that has continued in July. In addition, our lithography business gained traction and we shipped a repeat order to a major OSAT customer in Asia for a second JetStep™ System for advanced packaging lithography, further validating the commercialization of Rudolph’s revolutionary 2X stepper total lithography solution.”

Key Stats (on next page)…

Revenue increased 10.68% from $41.65 million in the previous quarter. EPS increased 20% from $0.05 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.2 to a profit $0.17. For the current year, the average estimate has moved down from a profit of $0.62 to a profit of $0.53 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]