Recap: Veeco Instruments Q4 Earnings

Veeco Instruments 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.

Earnings

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.

Past Earnings Performance

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:

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).

Guidance

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.