Nova Ltd. (NVMI) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $38.068 million, or $1.20 per share. This compares with $36.098 million, or $1.15 per share, in last year's fourth quarter.
Excluding items, Nova Ltd. reported adjusted earnings of $43.597 million or $1.36 per share for the period.
Analysts on average had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 11.3% to $134.219 million from $151.238 million last year.
Nova Ltd. earnings at a glance (GAAP) :
-Earnings (Q4): $38.068 Mln. vs. $36.098 Mln. last year.-EPS (Q4): $1.20 vs. $1.15 last year.-Analyst Estimate: $1.23-Revenue (Q4): $134.219 Mln vs. $151.238 Mln last year.
-Guidance:Next quarter EPS guidance: $1.21 to $1.33Next quarter revenue guidance: $134 Mln to $140 Mln
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