Orbotech Ltd (ORBK) Tops Q3 EPS by 8c, Beats on Revenues; Q4 Revenue Outlook Above Consensus

Orbotech Ltd (NASDAQ: ORBK) reported Q3 EPS of $0.91, $0.08 better than the analyst estimate of $0.83. Revenue for the quarter came in at $245.7 million versus the consensus estimate of $234.24 million.

2017 third quarter highlights

• Revenues of $245.7 million
• Gross margin of 48.0%
• GAAP EPS of $0.75 (diluted); non-GAAP EPS of $0.91 (diluted)

2017 fourth quarter guidance

• Revenue range: $245 million to $255 million
• Gross margin of approximately 48.0% based on current expectations of product mix

Fourth quarter 2017 Guidance

The Company expects revenues for the fourth quarter of 2017 to be in the range of $245 million to $255 million; and gross margin for the fourth quarter of 2017 to be approximately 48.0%, based on current expectations of product mix.

GUIDANCE:

Orbotech Ltd sees Q4 2017 revenue of $245-255 million, versus the consensus of $235.32 million.

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

You May Also Be Interested In

• Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
• Revelation Biosciences (REVB) Misses Q2 EPS by 4c
• MetaVia Inc. (MTVA) Tops Q2 EPS by 73c