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Nanometrics: 4Q Earnings Snapshot

MILPITAS, Calif. (AP) _ Nanometrics Inc. (NANO) on Tuesday reported fourth-quarter earnings of $12 million.

The Milpitas, California-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The maker of semiconductor manufacturing equipment posted revenue of $77 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $72.7 million.

For the year, the company reported profit of $57.6 million, or $2.34 per share. Revenue was reported as $324.5 million.

For the current quarter ending in April, Nanometrics expects its per-share earnings to range from 16 cents to 27 cents.

The company said it expects revenue in the range of $62 million to $68 million for the fiscal first quarter.

Nanometrics shares have increased 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.69, an increase of 33 percent 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 NANO at https://www.zacks.com/ap/NANO