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Nova Measuring Instruments: 1Q Earnings Snapshot

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NESS-ZIONA, Israel (AP) _ Nova Measuring Instruments Ltd. (NVMI) on Wednesday reported first-quarter net income of $7.8 million.

On a per-share basis, the Ness-Ziona, Israel-based company said it had net income of 27 cents. Earnings, adjusted for one-time gains and costs, came to 37 cents per share.

The maker of monitoring systems used in chip manufacturing posted revenue of $56.7 million in the period.

Nova Measuring Instruments shares have increased 23% since the beginning of the year. The stock has increased slightly more than 6% in the last 12 months.

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