Orbotech Ltd (ORBK) Releases Earnings Results, Beats Expectations By $0.04 EPS

Orbotech Ltd (ORBK) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.56. The company posted revenue of $195.98 million in the period, compared to analysts expectations of $195.00 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Orbotech Ltd closed down -0.51 points or -1.75% at $28.63 with 7,24,104 shares getting traded on Tusday. Post opening the session at $29.21, the shares hit an intraday low of $28.5 and an intraday high of $29.21 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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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