Jul 13th, 2009 - Reuters
SAN FRANCISCO (Reuters) - U.S. semiconductor equipment maker Novellus Systems Inc (NVLS.O) posted disappointing margins and a wider than expected loss, but a robust forecast helped limit share losses in late trade.
Many investors had bet on a gradual recovery in the chip sector and a bounce in profits for players such as Novellus. Analysts had hoped for Novellus, which competes with larger rival Applied Materials Inc (AMAT.O), to report fatter margins in line with cost-cutting and a market recovery.
