Recap: Veeco Instruments Q3 Earnings
Shares of Veeco Instruments (NASDAQ:VECO) moved higher by 1.4% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 340.00% year over year to $0.22, which beat the estimate of $0.20.
Revenue of $112,078,000 up by 2.87% from the same period last year, which beat the estimate of $111,550,000.
Looking Ahead
Q4 EPS expected to be between $0.22 and $0.37.
Q4 revenue expected to be between $120,000,000 and $135,000,000.
Conference Call Details
Date: Oct 27, 2020
Time: 05:00 PM
Recent Stock Performance
52-week high: $19.21
Company's 52-week low was at $7.42
Price action over last quarter: down 7.54%
Company Overview
Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
Posted-In: Earnings
