Veeco Instruments Sees Q1 2024 Adj. EPS $0.36-$0.46 Vs $0.41 Est.; Revenue $160M-$180M Vs $172.201M Est.
Portfolio Pulse from Benzinga Newsdesk
Veeco Instruments projects its Q1 2024 adjusted EPS to be between $0.36 and $0.46, compared to the estimated $0.41. The company also forecasts revenue to be in the range of $160M to $180M, against an estimated $172.201M.

February 14, 2024 | 10:00 pm
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Veeco Instruments anticipates its Q1 2024 adjusted EPS to range from $0.36 to $0.46, which brackets the analyst estimate of $0.41. Revenue projections of $160M to $180M also encompass the analyst expectation of $172.201M.
Veeco Instruments' Q1 2024 earnings and revenue projections are closely aligned with analyst expectations, indicating a neutral short-term impact on its stock price. The EPS guidance brackets the estimate, suggesting some uncertainty but also potential for meeting expectations. The revenue forecast similarly encompasses the analyst estimate, indicating management's confidence in achieving expected financial performance. This balanced outlook is likely to maintain investor sentiment at current levels, barring other market or company-specific influences.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100