Veeco Instruments Lifts Q4 Revenue Outlook
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Veeco Instruments Inc. has revised its fourth-quarter revenue outlook to between $175 million and $185 million, up from a previous estimate of $165 million to $185 million. However, the company lowered its EPS forecast to a range of $0.09 to $0.28, down from $0.18 to $0.27. Adjusted EPS is now expected to be between $0.36 and $0.44. For the full year, EPS is projected between $1.07 and $1.26, with a consensus estimate of $1.72. The guidance reflects challenges in market penetration for its Silicon Carbide Epitaxy technology.
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