Veeco Instruments (NASDAQ: VECO) reported Q4 EPS of $0.11, $0.03 better than the analyst estimate of $0.08. Revenue for the quarter came in at $113.2 million versus the consensus estimate of $111.08 million.

Fourth Quarter 2019 Highlights:

• Revenues of $113.2 million, compared with $99.0 million in the same period last year
• GAAP net loss of $32.9 million, or $0.69 loss per diluted share
• Non-GAAP net income of $5.4 million, or $0.11 per diluted share

“We executed well on the first phase of our transformation in 2019 by improving gross margins and reducing expenses, leading to a return to profitability in the second half of the year. Our data storage business continued its solid performance. Furthermore, we are positioning the company for long-term growth in the front-end semiconductor, advanced packaging and compound semiconductor markets by executing on our product roadmaps,” commented William J. Miller, Ph.D., Chief Executive Officer.

“As we enter 2020, we are focused on optimizing our product portfolio, extending our core technologies into new markets, and further increasing our profitability,” concluded Dr. Miller.

GUIDANCE:

Veeco Instruments sees Q1 2020 EPS of $0.00-$0.22, versus the consensus of $0.10. Veeco Instruments sees Q1 2020 revenue of $95-120 million, versus the consensus of $111.52 million.

The following guidance is provided for Veeco’s first quarter 2020:

• Revenue is expected to be in the range of $95 million to $120 million
• GAAP loss per share is expected to be in the range of ($0.24) to ($0.01)
• Non-GAAP earnings per share is expected to be in the range of $0.00 to $0.22

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