Related topics

Veeco: 3Q Earnings Snapshot

November 4, 2019 GMT

PLAINVIEW, N.Y. (AP) _ Veeco Instruments Inc. (VECO) on Monday reported a loss of $11.8 million in its third quarter.

On a per-share basis, the Plainview, New York-based company said it had a loss of 25 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 5 cents per share.

The precision manufacturing equipment maker posted revenue of $109 million in the period.

For the current quarter ending in December, Veeco expects its results to range from a loss of 3 cents per share to earnings of 18 cents per share.

The company said it expects revenue in the range of $100 million to $120 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $111.5 million.

Veeco shares have climbed 96% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.50, an increase of 65% in the last 12 months.


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