Veeco Instruments Q4 Adjusted Earnings Decline, Revenue Rises; Q1 Guidance Issued

MT Newswires Live
02-13

Veeco Instruments (VECO) reported Q4 adjusted earnings late Wednesday of $0.41 per diluted share, down from $0.51 a year earlier.

Three analysts polled by FactSet expected $0.40.

Revenue for the quarter ended Dec. 31 was $182.1 million, up from $173.9 million a year earlier. Two analysts surveyed by FactSet expected $180 million.

For Q1, the company expects adjusted EPS of between $0.26 and $0.36, and revenue ranging from $155 million to $175 million. Analysts polled by FactSet are looking for EPS of $0.39 and revenue of $174.3 million.

Shares were down more than 1% in after-hours activity.

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