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 bottom line totaled $64.82 million, or $2.03 per share. This compares with $36.86 million, or $1.15 per share, last year.
Excluding items, Nova Ltd. reported adjusted earnings of $69.96 million or $2.18 per share for the period.
Analysts on average had expected the company to earn $2.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 50.5% to $213.356 million from $141.798 million last year.
Nova Ltd. earnings at a glance (GAAP) :
-Earnings: $64.82 Mln. vs. $36.86 Mln. last year.
-EPS: $2.03 vs. $1.15 last year.
-Revenue: $213.356 Mln vs. $141.798 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.96 to $2.14
Next quarter revenue guidance: $210 to $220 Mln
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