Revenue Update on Nanometrics Incorporated(NASDAQ:NANO)

Nanometrics Incorporated(NASDAQ:NANO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $55.77M. Analysts estimated a revenue of $54.55M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.26.

Nanometrics Incorporated (NANO) shares turned negative on Fridays trading session with the shares closing down -0.48 points or -2.34% at a volume of 2,20,686. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.73. The peak price level was also seen at $20.73 while the days lowest was $20. Finally the shares closed at $20.04. The 52-week high of the shares is $22.73 while the 52-week low is $11.91. According to the latest information available, the market cap of the company is $489 M.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Janet Therese Taylor (General Counsel) sold 1,093 shares at $20.52 per share price.Also, On Jul 6, 2016, Stanislaw M. Borowicz (Senior VP, Sales) sold 1,195 shares at $20.52 per share price.On Jul 6, 2016, Bruce C Rhine (director) sold 10,000 shares at $20.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits high-brightness LEDs (HB-LED) discrete components and data storage devices. The Company’s automated and integrated systems address numerous process control applications including critical dimension and film thickness measurement device topography defect inspection and analysis of various other film properties such as optical electrical and material characteristics. The Company’s process control solutions are deployed throughout the fabrication process from front-end-of-line substrate manufacturing to high-volume production of semiconductors and other devices to advanced wafer-scale packaging applications. The Company offers a diverse line of process control and inspection products and technologies to address the manufacturing requirements of the semiconductor (and other solid state device) manufacturing industry.

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