BUZZ-Australia's Revasum hits near 2-month high on upbeat third quarter

** Shares of Australian semiconductor processing equipment manufacturer Revasum (RVS.AX) rise as much as 12.5% to A$0.18, their highest level since Aug. 17

** Co reports 43% Y/Y jump in total Q3 revenue; gross margin expands to 34.5% from 26.8%

** Projects further growth in service and consumable parts sales

** Co says remains focused on controlling operating expenses, improving efficiencies across business

** Adds, expense control and cashflow management ongoing priorities

** More than 26,600 shares change hands as of 0306 GMT, vs 30-day average volume of 23,613

** Stock up over 23% this year, as of last close