Camtek Earnings Exceed Expectations by $0.02, Revenue Surpasses Estimates

Camtek recently announced its second-quarter financial results, reporting earnings per share (EPS) of $0.66. This figure surpasses analyst expectations, which had estimated the EPS at $0.64. The company’s revenue for the quarter reached $102.6 million, surpassing the consensus estimate of $101.26 million.

### Guidance

For the third quarter of 2024, Camtek forecasts revenue between $107 million and $110 million, compared to an analyst consensus of $103.80 million.

Camtek’s stock is currently trading at $105.00. Over the past three months, it has seen an increase of 26.08%, and a remarkable growth of 129.71% over the past year. In the last 90 days, the company experienced six positive EPS revisions with no negative revisions.

Additionally, according to financial evaluations, Camtek’s Financial Health score is rated as “good performance.”

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