Nova Measuring Falls Most Since September as Profit Declines
Nova Measuring Instruments Ltd. (NVMI) tumbled the most in almost two months after the maker of measuring instruments for the semiconductor manufacturing industry reported a decline in third-quarter profit.
The shares retreated 8.2 percent, the most since Sept. 11, to 24.90 shekels at 11:50 a.m. in Tel Aviv. That gave the company a market value of 655 million shekels ($179 million).
Net income fell to $5.9 million from $7.3 million in the year-earlier period, on revenue of $25.8 million.
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.