Nova Ltd. (NVMI) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $36.86 million, or $1.15 per share. This compares with $34.63 million, or $1.10 per share, in last year's first quarter.
Excluding items, Nova Ltd. reported adjusted earnings of $44.61 million or $1.39 per share for the period.
Analysts on average had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.3% to $141.80 million from $132.19 million last year.
Nova Ltd. earnings at a glance (GAAP) :
-Earnings (Q1): $36.86 Mln. vs. $34.63 Mln. last year.
-EPS (Q1): $1.15 vs. $1.10 last year.
-Revenue (Q1): $141.80 Mln vs. $132.19 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.27-$1.42
Next quarter revenue guidance: $144 Mln-$152 Mln
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