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:

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.

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