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Why Camtek Stock Was Plunging This Week

TheMotleyFool

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According to data compiled by S&P Global Market Intelligence, 's (NASDAQ: CAMT) share price had eroded by nearly 15% week to date as of early Friday morning. Investors were reacting to the semiconductor inspection equipment and measuring company's latest set of quarterly results, which they didn't find inspiring.

For its second quarter, Camtek notched a new all-time high revenue figure of just over $123 million. This was 20% higher year over year. Non-GAAP (adjusted) net income rose at nearly the same pace, advancing 19% to almost $39 million, or $0.79 per share.

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Source Fool.com