Camtek Q2 2024 Adj. EPS $0.66 Beats $0.64 Estimate, Sales $102.591M Beat $101.274M Estimate
Portfolio Pulse from Benzinga Newsdesk
Camtek (NASDAQ:CAMT) reported Q2 2024 adjusted EPS of $0.66, beating the $0.64 estimate, and sales of $102.591M, surpassing the $101.274M estimate. This represents a significant year-over-year increase in both earnings and sales.
August 01, 2024 | 10:16 am
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Camtek reported strong Q2 2024 results with EPS and sales both beating analyst estimates. The EPS of $0.66 surpassed the $0.64 estimate by 3.13%, and sales of $102.591M exceeded the $101.274M estimate by 1.30%. Year-over-year, EPS increased by 43.48% and sales by 39.09%.
Camtek's strong quarterly performance, with both EPS and sales beating estimates, indicates robust business growth. The significant year-over-year increases in both metrics suggest positive momentum, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100