Needham & Company Raises Price Target on Camtek Ltd (CAMT) Following Strong 2Q
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Camtek Announces Second Quarter 2016 Results
July 21, 2016 7:15 AM EDTMIGDAL HAEMEK, Israel, July 21, 2016 /PRNewswire/ --Â Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced its financial results for the quarter ended June 30, 2016.
Highlights of the Second Quarter 2016
Revenues of $27.3 million, up 7% year over year; Non-GAAP gross margin of 46.8%; GAAP gross margin of 46.7% Non-GAAP operating income of $1.9 million; GAAP operating income of $1.7 million; Non-GAAP net income of $1.5 million; GAAP net income of $1.3 million; Expecting continued growth driven by Semiconductor Advance packaging applications.Q3 revenue guidance of $27.5 to $29 million.... More