Veeco: Q4 Financial Results Overview

Veeco Instruments Announces Fourth Quarter Financial Results

Veeco Instruments Inc., headquartered in Plainview, New York, revealed a net profit of $1.1 million for its fourth quarter, according to a report released on Wednesday.

The company’s earnings translated to 2 cents per share. After adjusting for expenses related to stock options and one-time charges, adjusted earnings were 24 cents per share.

During the quarter, the manufacturer of precision equipment generated $165 million in revenue.

Outlook for the Upcoming Quarter

Looking ahead to the quarter ending in March, Veeco anticipates earnings per share to fall between 14 and 24 cents.

Projected revenue for the fiscal first quarter is expected to be between $150 million and $170 million.

Full-Year Forecast

For the entire year, Veeco estimates earnings per share will range from $1.50 to $1.85, with annual revenue projected between $740 million and $800 million.