Veeco Sees Q3 EPS $0.30-$0.40 Vs $0.33 Est; Revenue $155M-$175M Vs $168.26M Est
Portfolio Pulse from Benzinga Newsdesk
Veeco Instruments Inc. has projected its Q3 earnings per share (EPS) to be between $0.30 and $0.40, compared to the estimated $0.33. The company also expects its Q3 revenue to be between $155M and $175M, against the estimated $168.26M.
August 07, 2023 | 8:39 pm
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NEUTRAL IMPACT
Veeco's Q3 EPS and revenue projections are both within the estimated range. This suggests that the company's performance is in line with market expectations.
Veeco's projected EPS and revenue for Q3 are within the estimated range, indicating that the company's performance is as expected. This is unlikely to cause significant movement in the stock price in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100