Nanometrics Incorporated (NANO) Updates Q3 Earnings Guidance
Nanometrics Incorporated (NASDAQ:NANO) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.30)-(0.17) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08, StockRatingsNetwork.com reports. The company issued revenue guidance of $25-30 million, compared to the consensus revenue estimate of $49.70 million.
Nanometrics Incorporated (NASDAQ:NANO) traded up 1.34% during mid-day trading on Wednesday, hitting $16.58. The stock had a trading volume of 80,629 shares. Nanometrics Incorporated has a 52 week low of $13.37 and a 52 week high of $19.94. The stock’s 50-day moving average is $17.80 and its 200-day moving average is $17.55. The company’s market cap is $396.2 million.
Nanometrics (NASDAQ:NANO) last released its earnings data on Wednesday, July 30th. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05. The company had revenue of $48.03 million for the quarter, compared to the consensus estimate of $49.36 million. During the same quarter last year, the company posted ($0.17) earnings per share. Nanometrics’s revenue was up 39.0% compared to the same quarter last year. Analysts expect that Nanometrics Incorporated will post $0.34 EPS for the current fiscal year.
Nanometrics Incorporated (NASDAQ:NANO) is a provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of integrated circuits, high-brightness (HB) light emitting diodes (LEDs), data storage devices and solar photovoltaics (solar PV).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.