More on Nanometrics earnings

|About: Nanometrics Incorporated (NANO)|By:, SA News Editor

Nanometrics (NANO) Q2 beats across the board, but total sales declined by 35% Y/Y.

Gross margin was 41.9% compared to 42.7% in the prior quarter and 46.6% in the year-ago period.

Looking forward, the company sees Q3 coming in between $36M - $40M, below Street estimates for $46.4M. Non-GAAP losses are expected to be around $0.14 to $0.03, also below consensus for a $0.04 gain.

Shares -8% AH.