Revenue Update on Nova Measuring Instruments Ltd.(NASDAQ:NVMI)

Nova Measuring Instruments Ltd.(NASDAQ:NVMI) 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 $35.58M. Analysts estimated a revenue of $36.02M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.11.

Nova Measuring Instruments Ltd. (NVMI) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.09% at a volume of 79,357. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.35. The peak price level was also seen at $11.35 while the days lowest was $11.14. Finally the shares closed at $11.27. The 52-week high of the shares is $12.36 while the 52-week low is $8.57. According to the latest information available, the market cap of the company is $305 M.

Nova Measuring Instruments Ltd. (Nova) is a designer developer and producer of optical process control solutions used in the manufacturing process of semiconductor integrated circuits. The Company offers in-line stand-alone metrology systems as well as integrated metrology units that attach directly to process equipment. The Company supplies metrology solutions to semiconductor manufacturers around the world. The Company’s products include metrology systems for thin film measurement in chemical mechanical polishing and chemical vapor deposition applications optical CD and metal line thickness (MLT) systems for use in post-copper chemical mechanical polishing applications and optical critical dimension systems for lithography and etch applications. Its products include NovaScan 2040 NovaScan 3090Next Nova T500 Nova i500 Nova T600 Nova V2600 TSV NovaMars Nova Hybrid Metrology solution Nova Fleet Management NovaNet and NovaHPC (High Power Computer).

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