Camtek Ltd (CAMT) said before open Tuesday that it earned $0.52 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $80.5 million, beating estimates by $2.3 million.
In the same quarter a year ago, the company earned $0.48 per share on revenue of $82 million.
The stock is up 1.55% to $65.71 after the report.
Despite Camtek Ltd reporting a decline in revenues, earnings increased signaling a rise in profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 69. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and a provider of software solutions serving Advanced Packaging, Memory, (complementary metal oxide semiconductor) CMOS Image Sensors, (micro-electro mechanical systems) MEMS, RF, and others. Geographically, it derives maximum revenue from the Asia Pacific followed by the United States and Europe. The company products and services include Surface Inspection, Bump Inspection and Metrology, and others.
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Camtek Ltd Up 1.55% To $65.71 After Earnings Beat
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