Nova Q1 Adjusted Earnings, Revenue Rise; Q2 Outlook Set

MT Newswires Live
05-08

Nova (NVMI) reported Q1 adjusted earnings Thursday of $2.18 per diluted share, up from $1.39 a year earlier.

Analysts polled by FactSet expected $2.09.

Revenue for the quarter ended March 31 was $213.4 million compared with $141.8 million a year earlier.

Analysts surveyed by FactSet expected $210.1 million.

The company said it expects Q2 adjusted earnings of $1.96 to $2.14 per diluted share on revenue of $210 million to $220 million. The consensus is for $2.10 and $215.2 million, respectively.

Nova shares were up 2.7% in recent premarket activity.

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