Veeco Reports Fourth Quarter and Fiscal Year 2015 Financial Results
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Piper Jaffray Remains Sidelined on Veeco Instruments (VECO) Following a 4Q Beat and Light Guidance
February 23, 2016 8:28 AM ESTPiper Jaffray reiterated a Neutral rating on Veeco Instruments Inc. (NASDAQ: VECO), and cut the price target to $20.00 (from $22.00), following the company's 4Q earnings report. VECO reported Q4 EPS of $0.01 compared to estimates of -$0.04 on modestly better than expected revenues of $107M (versus $99M). The sequential improvement in bookings came from the 17% increase QoQ in the... More
Summit Research Downgrades Veeco Instruments Inc. (VECO) to Sell
February 23, 2016 6:24 AM ESTSummit Research downgraded Veeco Instruments Inc. (NASDAQ: VECO) from Hold to Sell with a price target of $12.00.
Analyst Srini Sundararajan commented, "MOCVD investments were guided to be soft in 1H2016. The environment for LED lighting is OK however the display backlighting business remains... More
Veeco Instruments (VECO) Tops Q4 EPS by 3c; Issues Weak Q1 Outlook
February 22, 2016 4:10 PM ESTVeeco Instruments (NASDAQ: VECO) reported Q4 EPS of $0.01, $0.03 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $99.84 million.
GUIDANCE:
Veeco Instruments sees Q1 2016 EPS of ($0.35)-($0.25), versus the consensus of... More
