Orbotech Reports First Quarter 2016 Results

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Cowen Lifts PT on Orbotech (ORBK) to $31; Solid Quarter and Guidance Reaffirms Confidence

May 4, 2016 2:53 PM EDT

Cowen and Company boosts its price target on Outperform-rated Orbotech (Nasdaq: ORBK) from $29 to $31 following Q1 results, saying that the company is firing on all (3) cylinders.

Analyst Wayne Loeb commented today, With a solid quarter and guide, ORBK is well... More

Orbotech Ltd (ORBK) Tops Q1 EPS by 1c

May 4, 2016 6:03 AM EDT

Orbotech Ltd (NASDAQ: ORBK) reported Q1 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $190 million versus the consensus estimate of $187.8 million.

GUIDANCE:

Orbotech Ltd sees FY2016 revenue of $190-198 million, versus the consensus of... More