Orbotech Ltd (ORBK) Tops Q1 EPS by 5c; CFO Abramovitch Resigns

Orbotech Ltd (NASDAQ: ORBK) reported Q1 EPS of $0.48, $0.05 better than the analyst estimate of $0.43. Revenue for the quarter came in at $185 million versus the consensus estimate of $181.2 million.

The company announced that Doron Abramovitch, Chief Financial Officer, has decided to leave the Company in the coming months to pursue other interests.

Asher Levy, Chief Executive Officer, stated: "On behalf of the Company, and personally, I would like to wish Doron well for the future and to thank him for his contribution over the last four years, during which he played an instrumental role in the growth of the Company and its operational and profitability profile."

Mr. Abramovitch will continue to serve in his role at the Company to support an orderly transition until his successor has been appointed and is fully on board.

For earnings history and earnings-related data on Orbotech Ltd (ORBK) click here.

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