Veeco: Q2 Earnings Snapshot

Associated Press Finance
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PLAINVIEW, N.Y. (AP) — PLAINVIEW, N.Y. (AP) — Veeco Instruments Inc. (VECO) on Monday reported a loss of $85.3 million in its second quarter.

The Plainview, New York-based company said it had a loss of $1.61 per share. Earnings, adjusted for non-recurring costs and stock option expense, were 36 cents per share.

The precision manufacturing equipment maker posted revenue of $161.6 million in the period.

For the current quarter ending in September, Veeco expects its per-share earnings to range from 30 cents to 40 cents.

The company said it expects revenue in the range of $155 million to $175 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $176.8 million.

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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

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