Nova Measuring Instruments Lifts Q2 Outlook - Quick Facts

(RTTNews) - Nova Measuring Instruments Ltd. (NVMI), a provider of metrology solutions for advanced process control used in semiconductor manufacturing, said that it raised its guidance for the second quarter of 2015.

Looking ahead for the second quarter of 2015, the company now expects GAAP results to be in the range of break even per share to profit $0.04 per share, and Non GAAP earnings per share of $0.14 to $0.18.

The company said in May that it expected GAAP results to be loss $0.03 per share - profit $0.01 per share, and Non GAAP earnings per share of $0.07 to $0.11 for the second-quarter.

The company also raised its revenue outlook for the second quarter of 2015 to $37 million - $39 million, from previous outlook of $33 million -$35 million.

Analysts polled by Thomson Reuters expect the company to report earnings of $0.10 per share and revenues of $34.06 million for the second-quarter.

"Our efforts to further strengthen our position in the most advanced nodes appear to be successful with growing orders for advanced 10/16 FinFET nodes. In fact, the new quarterly guidance reflects more than $14 million in aggregate revenues from our largest foundry customer. This guidance indicates record revenue quarter for Nova, and puts us on track for a third consecutive record-high revenue year in 2015," said Eitan Oppenhaim, President and CEO of Nova.