Nanometrics, Inc. (NANO) Tops Q1 EPS by 10c

Nanometrics, Inc. (NASDAQ: NANO) reported Q1 EPS of $0.16, $0.10 better than the analyst estimate of $0.06. Revenue for the quarter came in at $47.49 million versus the consensus estimate of $46.25 million.

“We continue to benefit from share gains and strong execution in the 3D-NAND market, a segment growing much faster than the industry in general, which contributes to an even stronger outlook for 2016 compared to what we communicated a quarter ago,” commented Dr. Timothy J. Stultz, president and chief executive officer. “Operationally, the improvements we have made are bearing fruit as demonstrated by our profitable growth, while we continue our work to make even further improvements to our financial model. The response to our Atlas III introduction is surpassing our expectations, with multiple systems already shipped to our launch partner, and more systems shipping in the second quarter to multiple leading customers, for every type of advanced device, including leading-edge foundry and DRAM development. With our business model at a performance inflection point, we expect the revenue growth resulting from strong demand for our Process Control Solutions, coupled by recent share gains at key accounts, will continue to drive earnings leverage and further improvement in our financial results.”

For earnings history and earnings-related data on Nanometrics, Inc. (NANO) click here.

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