Shares of Veeco Instruments (NASDAQ:VECO) moved higher by 1.4% in after-market trading after the company reported Q3 results.
Earnings per share increased 340.00% year over year to $0.22, which beat the estimate of $0.20.
Revenue of $112,078,000 up by 2.87% from the same period last year, which beat the estimate of $111,550,000.
Q4 EPS expected to be between $0.22 and $0.37.
Q4 revenue expected to be between $120,000,000 and $135,000,000.
Conference Call Details
Date: Oct 27, 2020
Time: 05:00 PM
ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.veeco.com%2F&eventid=2626218&sessionid=1&key=B8F4E4384C258C6FB551645DEB0DC29F®Tag=&sourcepage=register
Recent Stock Performance
52-week high: $19.21
Company's 52-week low was at $7.42
Price action over last quarter: down 7.54%
Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
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