02:14 PM EDT, 08/08/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Nova (NVMI) shares rose past 17% in recent Thursday trading after the company reported better-than-expected Q2 results.

Nova posted Q2 non-GAAP earnings of $1.61 per diluted share, compared with $1.06 a year earlier.

Analysts surveyed by Capital IQ expected $1.36.

Revenue for the quarter ended June 30 was $156.9 million, compared with $122.7 million a year earlier. Analysts surveyed by Capital IQ expected $148.1 million.

The company expects Q3 non-GAAP EPS of $1.60 to $1.73 on revenue of $168 million to $176 million.

Analysts expect adjusted earnings of $1.39 per share on revenue of $152.8 million.

Price: 212.60, Change: +31.64, Percent Change: +17.48