Veeco: 4Q Earnings Snapshot

PLAINVIEW, N.Y. (AP) _ Veeco Instruments Inc. (VECO) on Monday reported a loss of $144.7 million in its fourth quarter.

The Plainview, New York-based company said it had a loss of $3.11 per share. Losses, adjusted for non-recurring costs and amortization costs, were 16 cents per share.

The precision manufacturing equipment maker posted revenue of $99 million in the period.

For the year, the company reported that its loss widened to $407.1 million, or $8.63 per share. Revenue was reported as $542.1 million.

For the current quarter ending in April, Veeco expects its results to range from a loss of 30 cents per share to a loss of 10 cents per share.

The company said it expects revenue in the range of $85 million to $105 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $99.8 million.

Veeco shares have increased 48 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.99, a fall of 27 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VECO at https://www.zacks.com/ap/VECO