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

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Go back to 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

Nova Reports First Quarter 2020 Results, Exceeds Guidance

May 14, 2020 8:00 AM EDT

REHOVOT, Israel, May 14, 2020 /PRNewswire/ -- Nova (Nasdaq: NVMI) today announced financial results for the first quarter ended March 31st, 2020.

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 $0.41 per diluted share, exceeding guidance of $0.18 to $0.34 per share. Non-GAAP net income of $13.5 million, or $0.47 per diluted share, exceeding guidance of $0.26 to $0.42 per share. Balanced product revenue mix across Logic/Foundry and Memory. Nova's optical metrology solutions selected by... More