Veeco Instruments (VECO) Reports In-Line Q4 EPS, Revenues Beat; Offers 1Q EPS Guidance

February 11, 2021 4:10 PM EST
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Price: $20.64 +0.10%

Revenue Growth %: +22.7%

Financial Fact:
Cost of sales: 52.03M

Today's EPS Names:
MLI, PG, EDU, More
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Veeco Instruments (NASDAQ: VECO) reported Q4 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $138.9 million versus the consensus estimate of $129.11 million.

Fourth Quarter 2020 Highlights:

  • Revenues of $138.9 million, compared with $113.2 million in the same period last year
  • GAAP net loss of $0.1 million, or $(0.00) per diluted share, compared with a loss of $32.9 million, or $0.69 loss per diluted share in the same period last year
  • Non-GAAP net income of $15.0 million, or $0.30 per diluted share, compared with $5.4 million, or $0.11 per diluted share in the same period last year

“We enter 2021 with healthy backlog, strong customer engagements and overall positive momentum. We look forward to executing our near-term growth strategy driven in large part by our Laser Annealing, 5G RF and Data Storage applications.”

GUIDANCE:

Veeco Instruments sees Q1 2021 EPS of $0.12-$0.30, versus the consensus of $0.23.

The following guidance is provided for Veeco’s first quarter 2021:

  • Revenue is expected in the range of $115 million to $135 million
  • GAAP diluted earnings (loss) per share are expected in the range of $(0.09) to $0.09
  • Non-GAAP diluted earnings per share are expected in the range of $0.12 to $0.30

For earnings history and earnings-related data on Veeco Instruments (VECO) click here.



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