Camtek Reports Strong Q4 Earnings, Beating Estimates

Camtek Ltd. (CAMT) announced a fourth-quarter profit of $33 million, with earnings per share of 77 cents after adjusting for expenses.

Analysts' consensus estimates from Zacks Investment Research projected earnings of 74 cents per share. Revenue for the quarter reached $117.3 million, surpassing expectations of $115 million.

For the year, Camtek reported a profit of $118.5 million, or $2.42 per share, on revenue of $429.2 million.

For the current quarter, Camtek anticipates revenue within the range of $118 million to $120 million.

Camtek shares have witnessed an 8% increase since the start of the year and approximately 9% in the past 12 months.