Veeco Instruments (VECO) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 EPS/Revenue Mid-Point Outlook Above Consensus

Veeco Instruments (NASDAQ: VECO) reported Q4 EPS of ($0.16), in-line with the analyst estimate of ($0.16). Revenue for the quarter came in at $99 million versus the consensus estimate of $95.88 million.

• Revenues of $99.0 million, compared with $139.7 million in the same period last year
• GAAP net loss of $144.7 million, or $3.11 loss per diluted share
• Non-GAAP net loss of $7.5 million, or $0.16 loss per diluted share

"Commoditization of the MOCVD market for LEDs in China has reduced our revenue significantly, and is reflected in our fourth quarter results,” commented William J. Miller, Ph.D., Chief Executive Officer. “However, we are excited about our future as we see order activity in leading edge, Front-End Semiconductor and exciting growth opportunities in Compound Semiconductor and Advanced Packaging.”

GUIDANCE:

Veeco Instruments sees Q1 2019 EPS of ($0.30)-($0.10), versus the consensus of ($0.11). Veeco Instruments sees Q1 2019 revenue of $85-105 million, versus the consensus of $98 million.

For earnings history and earnings-related data on Veeco Instruments (VECO) click here.

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