Shares of Nova Ltd (NVMI) jumped 5.59% in premarket trading on Wednesday after the company reported better-than-expected earnings results for the third quarter of 2024.
The semiconductor process control systems maker posted adjusted earnings per share of $1.74 for the quarter, beating analysts' consensus estimate of $1.68. Revenue also came in ahead of expectations at $178.974 million, surpassing the $171.84 million estimate.
The strong Q3 results underscore Nova's continued growth momentum amid robust demand for its products and services. With both earnings and revenue exceeding forecasts, investors reacted positively, sending Nova's stock sharply higher before the market open.
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