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

Veeco Instruments

08/05/2023 23:37

* Veeco Instruments Inc  VECO.OQ  reported quarterly
adjusted
earnings of 30 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 20 cents per share.
    * Revenue fell 1.9% to $153.50 million from a year ago;
analysts
expected $141.84 million. 
    * Veeco Instruments Inc's reported EPS for the quarter was
17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.5%
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 12.2% this
quarter and lost 0.1% so far this year.
    * The company reported quarterly net income of $8.74
million.
    * Wall Street's median 12-month price target for Veeco
Instruments
Inc is $25.00 
    * 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 May
8 at 10:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.20           0.30           Beat
 Dec. 31 2022      0.32           0.38           Beat
 Sep. 30 2022      0.41           0.45           Beat
 Jun. 30 2022      0.29           0.35           Beat