Nova Measuring Instruments posts 4Q profit

Nova Measuring Instruments posts 4th-quarter profit of $8.4 million

NESS-ZIONA, Israel (AP) _ Nova Measuring Instruments Ltd. (NVMI) on Tuesday reported fourth-quarter earnings of $8.4 million.

The Ness-Ziona, Israel-based company said it had profit of 30 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 42 cents per share.

The maker of monitoring systems used in chip manufacturing posted revenue of $50.2 million in the period.

For the year, the company reported profit of $9.6 million, or 35 cents per share. Revenue was reported as $163.9 million.

For the current quarter ending in April, Nova Measuring Instruments expects its per-share earnings to range from 37 cents to 45 cents.

The company said it expects revenue in the range of $50 million to $54 million for the fiscal first quarter.

Nova Measuring Instruments shares have risen 21 percent since the beginning of the year. The stock has risen 72 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVMI at https://www.zacks.com/ap/NVMI

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Keywords: Nova Measuring Instruments, Earnings Report

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