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

Veeco Instruments

09/05/2024 10:45

* Veeco Instruments Inc  VECO.OQ  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 40 cents to 42
cents per share.
    * Revenue rose 13.7% to $174.48 million from a year ago;
analysts
expected $170.55 million. 
    * Veeco Instruments Inc's reported EPS for the quarter was
37
cents​.
    * The company reported quarterly net income of $21.85
million.
    * Veeco Instruments Inc shares had risen by 11.7% this
quarter and
gained 26.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 5 "strong buy" or "buy," 2
"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 $42.00 
This summary was machine generated from LSEG data May 9 at 09:44
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
 Mar. 31 2024      0.41           0.45           Beat
 Dec. 31 2023      0.42           0.51           Beat
 Sep. 30 2023      0.37           0.53           Beat
 Jun. 30 2023      0.30           0.36           Beat