Veeco Sees Q3 Adj. EPS $0.39-$0.49 vs $0.46 Est., Revenue $170M-$190M vs $181.89M Est.
Portfolio Pulse from Benzinga Newsdesk
Veeco Instruments Inc. has provided its Q3 guidance, projecting adjusted EPS between $0.39 and $0.49, compared to the consensus estimate of $0.46. The company also expects revenue to range from $170 million to $190 million, against the consensus estimate of $181.89 million.
August 06, 2024 | 9:07 pm
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Veeco Instruments Inc. has issued its Q3 guidance, with adjusted EPS expected to be between $0.39 and $0.49, compared to the consensus estimate of $0.46. Revenue is projected to be in the range of $170 million to $190 million, against the consensus estimate of $181.89 million.
The guidance provided by Veeco Instruments Inc. is mixed. The EPS range includes the consensus estimate, which may not significantly impact investor sentiment. However, the revenue range is broad and encompasses the consensus estimate, suggesting uncertainty. This could lead to a neutral short-term impact on the stock price.
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