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Veeco Instruments (NASDAQ:VECO) reported its Q4 earnings results on Wednesday, February 14, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Veeco Instruments beat estimated earnings by 21.43%, reporting an EPS of $0.51 versus an estimate of $0.42.
Revenue was up $20.12 million from the same period last year.
Last quarter the company beat on EPS by $0.16 which was followed by a 8.57% increase in the share price the next day.
Here's a look at Veeco Instruments's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.30 | 0.2 | 0.32 |
| EPS Actual | 0.53 | 0.36 | 0.3 | 0.38 |
| Revenue Estimate | 167.89M | 157.50M | 141.84M | 161.18M |
| Revenue Actual | 177.37M | 161.64M | 153.50M | 153.80M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Veeco Instruments management provided guidance for FY 2023, expecting earnings between $1.58 and $1.65 per share.
To track all earnings releases for Veeco Instruments visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: VECO
