Cabot Microelectronics Corporation(NASDAQ:CCMP) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $108.15M. Analysts estimated a revenue of $106.73M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.56.
Cabot Microelectronics Corporation (CCMP) shares turned negative on Thursdays trading session with the shares closing down -0.21 points or -0.42% at a volume of 1,08,518. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.42. The peak price level was also seen at $50.42 while the days lowest was $49.72. Finally the shares closed at $49.84. The 52-week high of the shares is $52.91 while the 52-week low is $34.53. According to the latest information available, the market cap of the company is $1,199 M.
Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Lisa A Polezoes (VP, Human Resources) sold 2,834 shares at $43.27 per share price.Also, On Feb 10, 2016, Edward J Mooney (director) sold 8,819 shares at $38.24 per share price.On Dec 2, 2015, William S Johnson (Executive Vice President, CFO) sold 20,672 shares at $41.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Cabot Microelectronics Corporation is a supplier of polishing slurries and a growing polishing pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry in a process called chemical mechanical planarization (CMP). The Company is into the development manufacture and sale of CMP consumables products. It also develops produces and sells CMP slurries for polishing many of the conducting insulating and isolating materials used in IC devices and also for polishing the disk substrates and magnetic heads used in hard disk drives. The Company also develops manufactures and sells CMP polishing pads which are used in conjunction with slurries in the CMP process.