Nova Measuring Instruments Up 8% After Hitting 52-Week High (NVMI)

Shares of Ness-Ziona, Israel-based Nova Measuring Instruments Ltd. NVMI are trading up 8% at $11.01 per share during the Tuesday afternoon trading session. The day's trading range for shares of Nova Measuring Instruments Ltd has been between $10.07 and a 52-week high of $11.44 per share. Volume of 1.5 million shares is already far above the daily average volume of 272,000 shares. Nova Measuring Instruments Ltd. (NVMI) announced on Tuesday morning that it beat consensus Wall Street earnings expectations. Nova Measuring Instruments Ltd announced 4th quarter earnings per share of 28 cents, on revenue that surged 77% to $27.0 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 26 cents per share. The company provided 1st quarter 2011 guidance for revenues of $27.5-$29.5 million, with net profitability of 25%-28%. Nova Measuring Instruments Ltd develops, produces and markets advanced integrated and stand alone metrology solutions for the semiconductor manufacturing industry. Read more from Benzinga's Company news.