PREMARKET ALERT: Novellus (NVLS)

Posted in General 
July 14th, 2009

Novellus Systems Inc. (Nasdaq: NVLS) shares are ones to watch for a potential volume spike. The company last night guided to a third-quarter loss of 15 cents a share to potentially breakeven; analysts on average  had expected a Q3 loss of about 24 cents a share. The company also sees better-than-expected revenue of $150 million to $170 million, versus a $139 million analyst consensus — Mike Tarsala

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