Nanometrics Announces Preliminary Results for the Third Quarter of 2017
NANOMETRICS (NANO)
Last nanometrics earnings: 7/30 04:05 pm
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US:NASDAQ Investor Relations:
investor.nanometrics.com/investor-relations
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Source: GlobeNewswire
MILPITAS, Calif., Oct. 12, 2017 (GLOBE NEWSWIRE) -- Nanometrics Incorporated (NASDAQ:NANO), a leading provider of advanced process control systems, today announced preliminary results for its fiscal third quarter, which ended September 30. Revenues are expected to be in the range of $56 to $57 million, below the $60 to $64 million range provided in the company’s previous outlook. The shortfall from the midpoint of guidance is attributed to the delay of revenue recognition on multiple systems into Japan that require customer acceptance. As a result of the lower level of revenues, third-quarter earnings are now expected to be in the range of $0.20 to $0.22 per share, reflecting improved gross margins of approximately 54%. Commenting on the announcement, Dr. Timothy J. Stultz, president and chief executive officer, said “Near the end of third quarter, we experienced unforeseen delays in installation and final acceptance of multiple Atlas® systems at one customer site. This resulted in
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