Rudolph Technologies (RTEC) Prelim. Q2 Revenue Tops Expectations

Rudolph Technologies (NYSE: RTEC) announced that it currently expects revenue for the second quarter of fiscal year 2015, ended June 30, 2015, will be approximately $59 million, or an increase of approximately 12 percent from the first quarter of fiscal year 2015 and above the Company’s previous guidance.

*** The Street sees Q2 revenue of $55 million.

The preliminary second quarter revenue results also represent an increase of approximately 37 percent above the revenue of $43.0 million reported in the second quarter of fiscal year 2014.

Continued robust demand for the Company’s back-end advanced packaging solutions resulted in the higher than initially forecasted revenue for this quarter.

Rudolph cautions that the anticipated second quarter fiscal 2015 revenue is preliminary and based on the best information currently available, and is subject to completion of the financial statements for the second quarter of fiscal 2015.

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