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

Veeco Instruments

07/08/2023 23:05

* Veeco Instruments Inc  VECO.OQ  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 30 cents per share.
    * Revenue fell 1.4% to $161.64 million from a year ago;
analysts
expected $157.31 million. 
    * Veeco Instruments Inc's reported EPS for the quarter was a
loss
of $1.61​.
    * The mean earnings estimate of analysts had risen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Veeco Instruments Inc shares had risen by 9.9% this
quarter and
gained 51.9% so far this year.
    * The company reported a quarterly loss of $85.32 million.
    * Wall Street's median 12-month price target for Veeco
Instruments
Inc is $28.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           0.36           Beat
 Mar. 31 2023      0.20           0.30           Beat
 Dec. 31 2022      0.32           0.38           Beat
 Sep. 30 2022      0.41           0.45           Beat