Nova Measuring Instruments Earnings: Everything You Must Know Now

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Nova Measuring Instruments Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 30% to $0.14 in the quarter versus EPS of $0.20 in the year-earlier quarter.

Revenue: Rose 3.96% to $28.12 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Nova Measuring Instruments Ltd. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $27.45 million.

Quoting Management: “We are pleased to report revenues for the second quarter near the high end of our guidance range,” said Gabi Seligsohn, President and CEO of Nova. “This strong performance, combined with a slightly more favorable revenue mix than we expected, also enabled us to exceed the high end of our earnings guidance.”

Key Stats (on next page)…

Revenue increased 2.52% from $27.43 million in the previous quarter. EPS increased 7.69% from $0.13 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.11 to a profit $0.10. For the current year, the average estimate has moved down from a profit of $0.51 to a profit of $0.46 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)