Nova Q2 Profit Down, Revenues Rise - Quick Facts

(RTTNews) - Nova Measuring Instruments Ltd.(NVMI), a provider of metrology solutions for advanced process control, reported Wednesday second-quarter net income of $11.8 million, or $0.41 per share, compared with net income of $13.3 million, or $0.47 per share last year.

Adjusted net income was $13.3 million, or $0.46 per share, compared with net income of $15.2 million, or $0.53 per share in 2017.

Total revenues for the second quarter of 2018 were $61.9 million, a year-over-year increase of 10%.

Management provided an outlook for the third quarter, the period ending September 30, 2018. Based on current estimates, management expects:

Looking ahead for the third quarter, the company expects $58 million to $64 million in revenue, $0.32 to $0.44 in earnings per share on a reported basis and $0.37 to $0.49 in adjusted earnings per share.

In pre-market activity, shares were losing around 7.57 percent to trade at $25.87.