Nova Measuring Instruments (NVMI) Tops Q3 EPS by 10c, Revenues Beat; Offers 4Q EPS Mid-Point Guidance Above Consensus

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Go back to Nova Measuring Instruments (NVMI) Tops Q3 EPS by 10c, Revenues Beat; Offers 4Q EPS Mid-Point Guidance Above Consensus

Nova Reports Third Quarter 2020 Results

November 12, 2020 8:10 AM EST

REHOVOT, Israel, Nov. 12, 2020 /PRNewswire/ -- Nova (Nasdaq: NVMI) today announced financial results for the third quarter 2020, the period ended September 30, 2020.

Business Highlights:

Record quarterly revenue of $69.5 million, up 32% year-over-year GAAP net income of $13.9 million, or $0.48 per diluted share, up 60% year-over-year on a per-share basis Non-GAAP net income of $16.5 million, or $0.57 per diluted share, up 43% year-over-year on a per-share basis Record quarterly optical standalone revenues, driven by growing demand for Nova's unique dimensional metrology solutions In October, completed a private offering of $200 million of 0% convertible senior notes due... More