Orbotech Announces $88.6M in Q2 Revenues
Published: 07 August 2007
by Staff
YAVNE, ISRAEL – Orbotech Ltd., maker of circuit board inspection equipment, announced revenues for the second quarter totaled $88.6 million, up 2.8% compared to the first quarter, and down about 16% year-over-year.
Net loss for the quarter included a $4.8 million write-off of inventory, as well as a charge of $5 million relating to the company's write-off of its investment in Negevtech Ltd.
Revenues for the first six months of 2007 totaled $174.7 million, down about 15% year-over-year.
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