SAN FRANCISCO (AP) — Rudolph Technologies Inc. shares fell Monday after the company, which makes equipment to help semiconductor manufacturers test for defects in their chips, reported lower-than-expected second quarter revenue.
Shares fell 44 cents, or 5.1 percent, to $8.20 in extended trading, after the results were announced.
The Flanders, N.J.-based company said after the market closed that its net income was $7.0 million, or 22 cents per share, or 28 cents per share excluding some charges. Analysts expected an adjusted 25 cents per share, according to FactSet. A year ago, the company earned $6.5 million, or 21 cents per share.
Revenue increased 7 percent to $51.5 million, short of analysts’ expectation for $52.8 million.