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:
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).
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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