Veeco Instruments Inc. reports results for the quarter ended September 30 - Earnings Summary

• Veeco Instruments Inc. reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 42 cents to 45 cents per share.

• Revenue rose 26.2% to $209.38 million from a year ago; analysts expected $213.33 million.

• Veeco Instruments Inc.'s reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of $13.64 million.

• Veeco Instruments Inc. shares had fallen by 28.0% this quarter and gained 30.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for Veeco Instruments Inc. is $62.23, about 39.9% above its last closing price of $37.39

This summary was machine generated from LSEG data November 4 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)