Nova Q3 Adjusted EPS $1.23 Beats $1.09 Estimate, Sales $128.81M Beat $123.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nova (NASDAQ:NVMI) reported Q3 earnings of $1.23 per share, beating the analyst consensus estimate of $1.09 by 12.84%. However, this is a 0.81% decrease from the same period last year. The company also reported quarterly sales of $128.81 million, surpassing the analyst consensus estimate of $123.10 million by 4.64%, but this is a 10.49% decrease from the same period last year.
November 09, 2023 | 12:54 pm
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Nova's Q3 earnings and sales beat analyst estimates, but both show a decrease compared to the same period last year.
While Nova beat analyst estimates for Q3 earnings and sales, the decrease compared to the same period last year could potentially concern investors. This mixed result makes the short term impact on the stock price uncertain.
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