Newz(AP) β M/A-Com Technology Solutions Holdings Inc. (MTSI) on Thursday reported fiscal third-quarter profit of $100.7 million. The Lowell, Massachusetts-based company said it had net income of $1.28 per share.
Earnings, adjusted for one-time gains and costs, were $1.40 per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The chipmaker posted revenue of $342.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $335.1 million. For the current quarter ending in September, M/A-Com expects its per-share earnings to range from $1.97 to $2.03.
The company said it expects revenue in the range of $415 million to $425 million for the fiscal fourth quarter. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTSI at https://www.zacks.com/ap/MTSI Source
REHOVOT, Israel (AP) β REHOVOT, Israel (AP) β Nova Ltd. (NVMI) on Thursday reported net income of $75 million in its second quarter. The Rehovot, Israel-based company said it had profit of $2.20 per share.
Earnings, adjusted for one-time gains and costs, were $2.51 per share. The maker of monitoring systems used in chip manufacturing posted revenue of $255 million in the period. For the current quarter ending in September, Nova Ltd.
Summary from source