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 ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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