Orbotech Ltd (ORBK) Posts Q3 Loss of 28c/Share; Approves $30M Buyback
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Orbotech Ltd (NASDAQ: ORBK) reported Q3 EPS of ($0.28), $0.33 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $98 million versus the consensus estimate of $110.27 million.
The Company is also separately announcing today that, pursuant to approval granted by its Board of Directors, it proposes to allocate $30 million to undertake the purchase of its Ordinary Shares. Such purchases will be subject, among other things, to the share price and market conditions and will be made in accordance with all applicable laws and regulations.
For earnings history and earnings-related data on Orbotech Ltd (ORBK) click here.
The Company is also separately announcing today that, pursuant to approval granted by its Board of Directors, it proposes to allocate $30 million to undertake the purchase of its Ordinary Shares. Such purchases will be subject, among other things, to the share price and market conditions and will be made in accordance with all applicable laws and regulations.
For earnings history and earnings-related data on Orbotech Ltd (ORBK) click here.
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