Nova Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-09

Nova (NASDAQ:NVMI) Third Quarter 2024 Results Key Financial Results Revenue: US$179.0m (up 39% from 3Q 2023). Net income: US$51.3m (up 52% from 3Q 2023). Profit margin: 29% (up from 26% in 3Q 2023). ...

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The increase in margin was driven by higher revenue.NasdaqGS:NVMI Earnings and Revenue Growth November 9th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 4.1%. Earnings per share  also surpassed analyst estimates by 8.7%.Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.The company's shares are up 6.9% from a week ago.While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Nova's balance sheet.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NVMI":"Nova Ltd"},"translate_title":"Nova 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVMI":0.9},"content_text":"Nova (NASDAQ:NVMI) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$179.0m (up 39% from 3Q 2023).\nNet income: US$51.3m (up 52% from 3Q 2023).\nProfit margin: 29% (up from 26% in 3Q 2023). The increase in margin was driven by higher revenue.\nEPS: US$1.76 (up from US$1.17 in 3Q 2023).\n\n\n\n\n  NasdaqGS:NVMI Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nNova Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. \n Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US. \nPerformance of the American Semiconductor industry.\n The company's shares are up 6.9% from a week ago. \nBalance Sheet Analysis\n While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Nova's balance sheet. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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