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.

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.

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:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.37	0.30	0.2	0.32
EPS Actual	0.53	0.36	0.3	0.38
Revenue Estimate	167.89M	157.50M	141.84M	161.18M
Revenue Actual	177.37M	161.64M	153.50M	153.80M

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).

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.

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