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

Veeco Instruments

09/05/2022 23:16

* Veeco Instruments Inc  VECO.OQ  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 35 cents per share.
    * Revenue rose 17% to $156.43 million from a year ago; 
analysts
expected $155.65 million. 
    * Veeco Instruments Inc's reported EPS for the quarter was
24
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Veeco Instruments Inc shares had fallen by 13.5% this
quarter and lost 17.4% so far this year.
    * The company reported quarterly net income of $13.33
million.
    * Wall Street's median 12-month price target for Veeco
Instruments
Inc is $35.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 9 at 10:16 p.m.  ​All
figures in US dollars unless otherwise stated