AP NEWS

Veeco: 2Q Earnings Snapshot

August 2, 2018

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.

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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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