Orbotech Swings to $5.3M Profit in Q2
Published: 05 August 2008
by Staff
YAVNE, ISRAEL – Orbotech Ltd., maker of AOI equipment, said net income for the second quarter rose to $5.3 million, compared with a loss of $3.4 million in the same quarter last year.
The company attributes its swing to a profit to improved flat panel equipment sales.
Revenue was $105.1 million, up 15.7% year-over-year, Orbotech said.
Sales of flat panel display inspection equipment nearly tripled to $29.8 million, while revenue from PCB equipment fell 22.3% to $34.5 million.
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