Nova Ltd. Shares Keep On Rising


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gilaxia Bad News Analysts had forecast limp third-quarter revenue and earnings for Israel-based Nova Ltd. (NASDAQ:NVMI) which sells into the semiconductor industry. Its Q3 '23 revenue and earnings report released last week was mixed. Nova's Q3 '23 revenue was reported -11% Y/Y. Net income fell 4%. Its EPS dropped from $1.22 in Q3 '22 to $1.17. Inter alia, Bad news from the Middle East deflated investor confidence in October in Israel-based stocks publicly traded on an American stock exchange. The S&P ratings agency recently downgraded Israel's credit outlook "with the scenario of the war escalating… S&P sees GDP growth of...