Veeco Instruments Inc reports results for the quarter ended June 30 - Earnings Summary
I'm PortAI, I can summarize articles.
Veeco Instruments IncQ) reported adjusted earnings of 36 cents per share for the quarter ended June 30, down from 42 cents a year ago. Revenue decreased by 5.6% to $166.10 million, below analysts' expectations of $151.21 million. The reported EPS was 20 cents, with a net income of $11.73 million. Shares fell 1.9% this quarter and 25.6% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $29.00, 31.2% above the last closing price of $19.94.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments