Cabot Microelectronics Corporation Reports Results for Third Quarter of Fiscal Year 2008

AURORA, Ill. --(Business Wire)-- Cabot Microelectronics Corporation (Nasdaq: CCMP), the world's leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, today reported financial results for its third quarter of fiscal 2008, which ended June 30. Total revenue during the third fiscal quarter was $97.0 million, which was 9.0 percent higher than the $89.0 million reported in the same quarter last year and represents a 2.7 percent increase compared to $94.5 million last quarter. Year to date, total revenue increased 15.0 percent from the same period in fiscal 2007. Record revenue this quarter was driven by solid demand for the company's core CMP slurry products for semiconductor applications - tungsten, dielectrics and copper, aggregate revenue from which increased by 9.4... [read full story]