Nova's Q3 Earnings, Revenue Rise; Q4 Guidance Issued -- Shares Rise Pre-Bell

MT Newswires Live11-07

Nova (NVMI) reported Q3 adjusted earnings Thursday of $1.74 per diluted share, compared with $1.23 a year earlier.

Analysts surveyed by Capital IQ expected $1.68.

Revenue for the quarter ended Sept. 30 was $179 million, compared with $128.8 million a year earlier. Analysts surveyed by Capital IQ expected $171.8 million.

The company said it expects Q4 adjusted earnings of $1.72 to $1.91 and revenue of $181 million to $191 million. Analysts surveyed by Capital IQ expect adjusted EPS of $1.69 and revenue of $177.8 million.

Shares of Nova were up nearly 6% in premarket activity.

Price: 202.60, Change: +11.29, Percent Change: +5.90

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