Veeco Instruments Sees Q4 EPS $0.35-$0.45 Vs $0.40 Est.; Revenue $155M-$175M Vs $173.81M Est.
Portfolio Pulse from Benzinga Newsdesk
Veeco Instruments has provided its Q4 2023 guidance, expecting revenue in the range of $155 million to $175 million, GAAP diluted earnings per share between $0.22 to $0.33, and non-GAAP diluted earnings per share from $0.35 to $0.45. These estimates are slightly below the market expectations.
November 06, 2023 | 10:01 pm
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NEGATIVE IMPACT
Veeco Instruments' Q4 2023 guidance is slightly below market expectations, which could potentially lead to a short-term negative impact on its stock price.
Veeco Instruments' Q4 2023 guidance is slightly below the market expectations. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100