08:02 AM EDT, 05/09/2024 (MT Newswires) -- Nova (NVMI) reported Q1 non-GAAP earnings Thursday of $1.39 per diluted share, up from $1.23 a year earlier.

Analysts polled by Capital IQ expected $1.28.

Revenue for the quarter ended March 31 was $141.8 million, compared with $132.2 million a year earlier.

Analysts surveyed by Capital IQ expected $136.8 million.

The company said it expects Q2 non-GAAP EPS of $1.27 to $1.42. Analysts surveyed by Capital IQ expect $1.28. The company expects revenue of $144 million to $152 million. Analysts polled by Capital IQ expect $140.6 million.

The company's shares were 2.6% higher in recent premarket activity.

Price: 185.78, Change: +4.66, Percent Change: +2.57