Nova (NVMI) has released an update.
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Nova Ltd. reported a record-breaking third quarter in 2024 with a 14% increase in revenue to $179 million, driven by robust demand for their materials and dimensional metrology solutions. The company’s GAAP net income soared by 51% year-over-year to $51.3 million, while non-GAAP net income rose by 41% from the previous year, highlighting Nova’s strong market performance and growth potential. This performance surpassed their guidance, setting a promising outlook for continued growth in the semiconductor industry.
For further insights into NVMI stock, check out TipRanks’ Stock Analysis page.
