Veeco Instruments Q1 2024 Adj EPS $0.45 Beats $0.41 Estimate, Sales $174.484M Beat $170.548M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veeco Instruments (NASDAQ:VECO) reported Q1 2024 adjusted EPS of $0.45, surpassing the $0.41 estimate, and sales of $174.484M, exceeding the $170.548M forecast. This represents a 50% increase in EPS and a 13.67% increase in sales from the same period last year.
May 07, 2024 | 8:41 pm
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POSITIVE IMPACT
Veeco Instruments reported a strong Q1 2024 performance with EPS and sales beating estimates, indicating robust growth.
Veeco Instruments' Q1 2024 earnings and sales not only surpassed analyst expectations but also showed significant growth compared to the same period last year. This positive performance, especially the 50% increase in EPS and 13.67% increase in sales year-over-year, is likely to instill confidence among investors and could lead to a short-term uptick in VECO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100