Veeco Reports First Quarter 2016 Financial Results

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Veeco Instruments (VECO) Tops Q1 EPS by 11c

May 4, 2016 4:34 PM EDT

Veeco Instruments (NASDAQ: VECO) reported Q1 EPS of ($0.15), $0.11 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $78 million versus the consensus estimate of $76.17 million.

"Although business conditions remain challenging, Veeco executed well in the first quarter. We achieved revenue at the high end of our guided range; expanded... More