Camtek (CAMT) reported Q1 non-GAAP net income Tuesday of $0.70 per diluted share, down from $0.79 a year earlier.

Analysts polled by FactSet expected $0.68.

Revenue for the quarter ended March 31 was $121.7 million, compared with $118.6 million a year earlier.

Analysts surveyed by FactSet expected $120.2 million.

For Q2, the company expects revenue of $129 million to $131 million. Analysts polled by FactSet expect $126.3 million.

Camtek shares were down more than 6% in premarket trading.