Veeco Instruments Q2 Adj EPS $0.36 Beats $0.30 Estimate, Sales $161.64M Beat $157.50M Estimate
Portfolio Pulse from bharat@benzinga.com
Veeco Instruments (NASDAQ:VECO) reported Q2 earnings of $0.36 per share, beating the analyst consensus estimate of $0.30 by 20%. This is a 2.86% increase from the same period last year. The company also reported quarterly sales of $161.64 million, beating the analyst consensus estimate of $157.50 million by 2.63%. However, this is a 1.44% decrease from the same period last year.
August 07, 2023 | 8:31 pm
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Veeco Instruments reported better than expected Q2 earnings and sales, but showed a slight decrease in sales compared to the same period last year.
Veeco Instruments reported better than expected earnings and sales for Q2, which is generally a positive signal for investors and could lead to a short-term increase in the stock price. However, the slight decrease in sales compared to the same period last year might temper this positive impact.
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