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Nanometrics: 3Q Earnings Snapshot

MILPITAS, Calif. (AP) _ Nanometrics Inc. (ONTO) on Thursday reported third-quarter profit of $4.2 million.

The Milpitas, California-based company said it had net income of 17 cents per share. Earnings, adjusted for one-time gains and costs, were 30 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The maker of semiconductor manufacturing equipment posted revenue of $73.1 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $70.3 million.

For the current quarter ending in December, Nanometrics expects its per-share earnings to range from 32 cents to 42 cents.

Nanometrics shares have increased 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.07, an increase of roughly 7% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONTO at https://www.zacks.com/ap/ONTO