Nova Measuring (NVMI) Reaffirms Q4, FY11 Outlook
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Nova Measuring Instruments Ltd. (Nasdaq: NVMI), is reaffirming its fourth quarter and full year 2011 financial guidance.
As mentioned in the company's results press release for the third quarter published November 1, 2011, Nova expects revenues of $16-$19 million with net profitability of 1%-8% for the fourth quarter of 2011, which implies record annual revenues of $100-$103 million and record annual net income of $23-$25 million for the full year of 2011. In addition to reaffirming 2011 guidance, Gabi Seligsohn, President and CEO, will discuss the business outlook, and describe the company's strategy for preparing for the next major industry upturn when addressing the 14th Annual Needham Growth Conference on January 10, 2012.
As mentioned in the company's results press release for the third quarter published November 1, 2011, Nova expects revenues of $16-$19 million with net profitability of 1%-8% for the fourth quarter of 2011, which implies record annual revenues of $100-$103 million and record annual net income of $23-$25 million for the full year of 2011. In addition to reaffirming 2011 guidance, Gabi Seligsohn, President and CEO, will discuss the business outlook, and describe the company's strategy for preparing for the next major industry upturn when addressing the 14th Annual Needham Growth Conference on January 10, 2012.
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