Nova Measuring Instrument Q4 Profit Surges

(RTTNews) - Nova Measuring Instrument Ltd. (NVMI) Tuesday reported a surge in fourth quarter net income to $8.364 million from $5.161 million in the prior year. On a per share basis, earnings increased to $0.30, from $0.19 last year. On an adjusted basis, earnings were $11.719 million or $0.42 per share.

On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.39 per share. Analysts estimates usually exclude special items.

Revenue for the quarter were $50.212 million, compared to $40.022 million a year ago. Wall Street expected revenue of $49.83 million.

Looking ahead to the first quarter, the company expects earnings per share in a range of $0.31 to $0.39. On adjusted basis, the outlook is in a range of $0.37 to $0.45 per share. Revenue for the first quarter is expected to be in a range of $50 to $54 million. Analysts are looking for $0.32 per share on revenue of $48.53 million.