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After the closing bell sounded yesterday, Novellus Systems (NASDAQ: NVLS) reported a second-quarter loss, thanks to falling semiconductor sales stemming from general weakness in the semiconductor sector.
The firm reported a second-quarter net loss of 52 cents per share, or 41 cents per share excluding items. Although this loss was three cents wider than the consensus estimate, the shares managed to bounce off their after-hours lows -- thanks mainly to NVLS's forecast.
Continue reading Novellus posts larger-than-anticipated second-quarter loss
MOST NOTEWORTHY: The Semiconductor sector was the most notable upgrade today, made by the Stephens Group; the firm believes the risk of a severe downturn is moderating and that 2007 will likely be an up year rather than a down year.
OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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| 13 | Brian White | 22 | 0 |
| 14 | Jim Cramer | 22 | 0 |
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| 16 | Elizabeth Harrow | 19 | 0 |
| 17 | Eric Buscemi | 17 | 0 |
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