Camtek Ltd. (CAMT) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $20.790 million, or $0.42 per share. This compares with $21.673 million, or $0.45 per share, in last year's fourth quarter.
Excluding items, Camtek Ltd. reported adjusted earnings of $28.208 million or $0.57 per share for the period.
Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.9% to $88.690 million from $82.175 million last year.
Camtek Ltd. earnings at a glance (GAAP) :
-Earnings (Q4): $20.790 Mln. vs. $21.673 Mln. last year.-EPS (Q4): $0.42 vs. $0.45 last year.-Analyst Estimates: $0.53-Revenue (Q4): $88.690 Mln vs. $82.175 Mln last year.
-Guidance:Next quarter revenue guidance: $93 Mln to $95 Mln
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