Veeco Instruments Q2 2024 Adj. EPS $0.42 Misses $0.43 Estimate, Sales $175.879M Miss $175.926M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veeco Instruments (NASDAQ:VECO) reported Q2 2024 earnings of $0.42 per share, missing the analyst estimate of $0.43. Sales were $175.879 million, slightly below the $175.926 million estimate. Despite the misses, earnings and sales increased year-over-year by 16.67% and 8.81%, respectively.
August 06, 2024 | 8:30 pm
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Veeco Instruments reported Q2 2024 earnings of $0.42 per share, missing the analyst estimate of $0.43. Sales were $175.879 million, slightly below the $175.926 million estimate. Despite the misses, earnings and sales increased year-over-year by 16.67% and 8.81%, respectively.
The slight miss in both EPS and sales estimates is offset by the significant year-over-year growth in both metrics. This mixed result is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100