Veeco Instruments Inc reports results for the quarter ended in December - Earnings Summary

Veeco Instruments

14/02/2024 23:42

* Veeco Instruments Inc  VECO.OQ  reported quarterly
adjusted
earnings of 51 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 38 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 42 cents per
share. Wall Street expected results to range from 40 cents to 43
cents per share.
    * Revenue rose 13.1% to $173.92 million from a year ago;
analysts
expected $169.39 million. 
    * Veeco Instruments Inc's reported EPS for the quarter was
37
cents​.
    * The company reported quarterly net income of $21.64
million.
    * Veeco Instruments Inc shares had risen by 10.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Veeco
Instruments
Inc is $36.00 

This summary was machine generated from LSEG data February 14 at
11:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.42           0.51           Beat
 Sep. 30 2023      0.37           0.53           Beat
 Jun. 30 2023      0.30           0.36           Beat
 Mar. 31 2023      0.20           0.30           Beat