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Recap: Camtek Q1 Earnings

Shares of Camtek (NASDAQ:CAMT) rose 3.3% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 50.00% year over year to $0.09, which missed the estimate of $0.11. Revenue of $30,179,000 lower by 11.24% year over

Benzinga · 05/11/2020 11:33

Shares of Camtek (NASDAQ:CAMT) rose 3.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 50.00% year over year to $0.09, which missed the estimate of $0.11.

Revenue of $30,179,000 lower by 11.24% year over year, which beat the estimate of $30,030,000.

Outlook

Camtek hasn't issued any earnings guidance for the time being.

Q2 revenue expected to be between $36,000,000 and $38,000,000.

Conference Call Details

Date: May 11, 2020

Time: 07:04 PM ET

Webcast URL: https://www.camtek.com/news-and-events/events?order=oldest&industry=both

Technicals

52-week high: $14.24

52-week low: $6.26

Price action over last quarter: down 3.16%

Company Overview

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 other. 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. Geographically, it derives a majority of revenue from the Asia Pacific region.