Orbotech's third-quarter net profit rose to $11.1m. from $9.4m. a year earlier, boosted by increased sales of its equipment for inspecting printed circuit boards and flat-panel displays.
The Yavne-based company said on Monday that in the three months ending September 30 earnings per diluted share rose to 33 cents from 29 cents and revenues rose to $93.7m. from $82.7m. Analyst expectations for EPS ranged from 30 cents to 32 cents and ranged from $90.9m. and $93.1m. for revenue, as compiled by Thomson Financial Network.
Net income for the first nine months of 2005 rose to $31.2m. from $23m., diluted EPS rose to 94 cents from 70 cents and revenue rose to $283.5m. from $227.4m.
In morning trading on Nasdaq
, shares rose 3.5% to $21.89