Nova Ltd. (NVMI) released a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $45.14 million, or $1.41 per share. This compares with $29.93 million, or $0.95 per share, in last year's second quarter.
Excluding items, Nova Ltd. reported adjusted earnings of $51.96 million or $1.61 per share for the period.
Analysts on average had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 27.8% to $156.86 million from $122.70 million last year.
Nova Ltd. earnings at a glance (GAAP) :
-Earnings (Q2): $45.14 Mln. vs. $29.93 Mln. last year.
-EPS (Q2): $1.41 vs. $0.95 last year.
-Revenue (Q2): $156.86 Mln vs. $122.70 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.60 - $1.73
Next quarter revenue guidance: $168 Mln - $176 Mln
For comments and feedback: editorial@rttnews.com