Nova Ltd. (NVMI) released a profit 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 $50.48 million, or $1.58 per share. This compares with $38.07 million, or $1.20 per share, last year.
Excluding items, Nova Ltd. reported adjusted earnings of $62.30 million or $1.94 per share for the period.
Analysts on average had expected the company to earn $1.82 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 45.1% to $194.77 million from $134.22 million last year.
Nova Ltd. earnings at a glance (GAAP) :
-Earnings: $50.48 Mln. vs. $38.07 Mln. last year.
-EPS: $1.58 vs. $1.20 last year.
-Revenue: $194.77 Mln vs. $134.22 Mln last year.
-Guidance:
Next quarter EPS guidance: $2.00 to $2.16
Next quarter revenue guidance: $205 to $215 Mln
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