Bloomberg News

Nova Measuring Retreats Most in a Month as Profit Declines

November 02, 2011

(Updates with closing share price in second paragraph.)

Nov. 1 (Bloomberg) -- Nova Measuring Instruments Ltd. tumbled the most in a month after the maker of measuring instruments for the semiconductor manufacturing industry reported a decline in third-quarter profit.

The shares retreated 4.8 percent, the most since Oct. 2, to 25.82 shekels at the 4:30 p.m. close in Tel Aviv. That gave the company a market value of 679 million shekels ($185 million).

Net income fell to $5.9 million from $7.3 million in the year-earlier period.

--Editor: Claudia Maedler

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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