Revenue Update on Orbotech Ltd(NASDAQ:ORBK)

Orbotech Ltd(NASDAQ:ORBK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $195.98M. Analysts estimated a revenue of $195.15M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.56.

Orbotech Ltd (ORBK) shares turned negative on Fridays trading session with the shares closing down -0.53 points or -1.77% at a volume of 2,50,766. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.09. The peak price level was also seen at $30.09 while the days lowest was $29.25. Finally the shares closed at $29.44. The 52-week high of the shares is $30.11 while the 52-week low is $14.7. According to the latest information available, the market cap of the company is $1,395 M.

Orbotech Ltd. (Orbotech) is a provider of production solutions for printed circuit boards (PCBs) Liquid Crystal Display (LCDs) and semiconductors devices (SDs) and similar solutions to manufacturers of other electronic components such as touch screens and interconnect substrates. The Company operates through three segments: Production Solutions for the Electronics Industry Solar Energy and Recognition Software. The Production Solutions for the Electronics Industry segment consists of the design development manufacture marketing and servicing of solutions designed to enable the production of electronic products and improve the electronics production processes. The Solar Energy segment includes the design development manufacture and marketing of solar photovoltaic energy systems that produce electricity directly from sunlight. The Recognition Software includes the development and marketing of check processing and healthcare revenue cycle management solutions.

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