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Veeco: 2Q Earnings Snapshot

August 5, 2019

PLAINVIEW, N.Y. (AP) _ Veeco Instruments Inc. (VECO) on Monday reported a loss of $15.6 million in its second quarter.

The Plainview, New York-based company said it had a loss of 33 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 6 cents per share.

The precision manufacturing equipment maker posted revenue of $97.8 million in the period.

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

The company said it expects revenue in the range of $95 million to $115 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $106.4 million.

Veeco shares have risen 48% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.98, a decrease of slightly more than 5% 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

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