Nova Reports First Quarter 2020 Results, Exceeds Guidance
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Nova Measuring Instruments (NVMI) PT Raised to $50 at Needham & Company
May 15, 2020 7:35 AM EDTNeedham & Company analyst N. Quinn Bolton raised the price target on Nova Measuring Instruments (NASDAQ: NVMI) to $50.00 (from $44.00) while maintaining a Buy rating.
The analyst commented, "Nova Measuring reported solid 1Q20 results and guided for LSD% sequential growth in 2Q20, better than our... More
UPDATE: Nova Measuring Instruments (NVMI) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q Revenue Outlook Above Consensus, 2Q EPS Mid-Point Guidance Above Consensus
May 14, 2020 8:07 AM EDT(Updated - May 14, 2020 8:09 AM EDT)
Nova Measuring Instruments (NASDAQ: NVMI) reported Q1 EPS of $0.41, $0.05 better than the analyst estimate of $0.36. Revenue for the quarter came in at $61.02 million versus the consensus estimate of $56.85 million.
First Quarter 2020 Highlights:
Quarterly revenue of $61.0 million, exceeding guidance of $50 million to $60 million.GAAP net income of $11.7 million, or... More