Veeco Instruments Inc reports results for the quarter ended in January 1 - Earnings Summary

Veeco Instruments

07/11/2024 05:06

* Veeco Instruments Inc  VECO.OQ  reported quarterly
adjusted
earnings of 46 cents​​ per share for the quarter ended January
1, lower than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 45 cents per
share. Wall Street expected results to range from 44 cents to 47
cents per share.
    * Revenue rose 4.2% to $184.81 million from a year ago;
analysts
expected $180.53 million. 
    * Veeco Instruments Inc's reported EPS for the quarter was
36
cents​.
    * The company reported quarterly net income of $22.47
million.
    * Veeco Instruments Inc shares had fallen by 12.0% this
quarter and lost 6.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for Veeco Instruments
Inc is 40.00 
This summary was machine generated from LSEG data November 7 at
05:06 a.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
 Sep. 30 2024      0.45           0.46           Beat
 Jun. 30 2024      0.43           0.42           Missed
 Mar. 31 2024      0.41           0.45           Beat
 Dec. 31 2023      0.42           0.51           Beat