Tuesday Market Movers

Rudolph Technologies RTEC: Rudolph Technologies develops process control software that is used by microelectronic device developers. The company traded up on Tuesday after it reported second quarter earnings that beat analyst estimates on earnings and revenue. The company reported earnings of $0.23 per share and revenue of $56.3 million. Analysts estimated that the company would report earnings of $0.18 per share and revenue of $53.8 million. Chairman and Chief Executive Officer Paul F. McLaughlin concluded, “In addition to the substantial back-end growth that we are experiencing now, there is continued strength in our front-end products and services, in which spending is centered on technology node migration and resultant manufacturing at smaller geometries.” Rudolph Technologies traded up about 22.5 percent on Tuesday. Cirrus Logic CRUS: Cirrus Logic is a semiconductor company that creates products for audio and energy markets. The company traded up on Tuesday after it reported earnings that beat analyst estimates, but revenues that missed. The company reported earnings of $0.22 per share and revenue of $99 million. Analysts on average estimated earnings of $0.21 per share and revenue of $100.9 million. Despite missing in the second quarter, the company estimates revenue between $170 million to $190 million in the current quarter. This compares to analyst estimates of $131 million for revenues in the third quarter. President and Chief Executive Officer Jason Rhode stated, "This team's ability to formulate and execute a strategy is truly remarkable and gives us great confidence as we continue to increase our R&D investment in order to support our customers and pursue further growth opportunities. We expect FY13 to be an outstanding year for Cirrus Logic and our long term shareholders." Cirrus Logic traded up about 21 percent on Tuesday. Amyris AMRS: Amyris is a renewable products company that provides alternatives to petroleum products in transportation fuel markets. The company's shares were up on Tuesday after it announced that it signed an amended agreement with Total (FP.PA). Under the agreement, Total reaffirmed its commitment to Amyris technology and plans to fund the company $30 million in the third quarter. The companies also intend to form a joint venture after Amyris completes research and development of renewable diesel and jet fuels. Amyris is set to report earnings after the market close on Tuesday. Amyris traded up about 20 percent on Tuesday.