Nanometrics, Inc. (NASDAQ: NANO) reported Q1 EPS of $0.19, $0.05 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $59.3 million versus the consensus estimate of $59.6 million.

GUIDANCE:

Nanometrics, Inc. sees Q2 2017 revenue of $64-68 million, versus the consensus of $65.38 million.

Business Outlook

Management expects second quarter 2017 revenues in the range of $64 to $68 million. Gross margin is expected to be in the range of 51.5% to 53% on both a GAAP and non-GAAP basis. Management expects second-quarter operating expenses to range between $22.8 million and $23.5 million on both a GAAP and non-GAAP basis, and earnings in the range of $0.28 to $0.34 per diluted share on both a GAAP and non-GAAP basis.

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