Veeco: 2Q Earnings Snapshot
PLAINVIEW, N.Y. (AP) _ Veeco Instruments Inc. (VECO) on Thursday reported a loss of $237.6 million in its second quarter.
The Plainview, New York-based company said it had a loss of $5.02 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 15 cents per share.
The precision manufacturing equipment maker posted revenue of $157.8 million in the period.
For the current quarter ending in October, Veeco expects its per-share earnings to range from 3 cents to 13 cents.
The company said it expects revenue in the range of $130 million to $140 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $160.1 million.
Veeco shares have decreased nearly 1 percent since the beginning of the year. The stock has dropped 52 percent in the last 12 months.