Orbotech Ltd (ORBK) Releases Earnings Results, Beats Expectations By $0.01 EPS

Orbotech Ltd (ORBK) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.52. The company posted revenue of $190.40 million in the period, compared to analysts expectations of $187.63 million. The company’s revenue was up 3.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Orbotech Ltd. Orbotech Ltd was Downgraded by Standpoint Research to ” Hold” on Mar 23, 2016. Shares were Reiterated by Cowen on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 29 from a previous price target of $30 .

Orbotech Ltd (ORBK) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $24.03 and reached the intraday high at $24.22. The bulls started the profit booking and pushed the shares to intraday low of $23.826. The trading session was marked by a volume range of 4,20,045 shares exchanging hands. The 52-week high of the shares is $25.75 and the 52-week low is $14.7. The market cap of the company stands at $1,037 M and there are 4,30,79,320 shares in public circulation.

Orbotech Ltd. (Orbotech) is a provider of production solutions for printed circuit boards (PCBs) Liquid Crystal Display (LCDs) and semiconductors devices (SDs) and similar solutions to manufacturers of other electronic components such as touch screens and interconnect substrates. The Company operates through three segments: Production Solutions for the Electronics Industry Solar Energy and Recognition Software. The Production Solutions for the Electronics Industry segment consists of the design development manufacture marketing and servicing of solutions designed to enable the production of electronic products and improve the electronics production processes. The Solar Energy segment includes the design development manufacture and marketing of solar photovoltaic energy systems that produce electricity directly from sunlight. The Recognition Software includes the development and marketing of check processing and healthcare revenue cycle management solutions.

Orbotech Ltd

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