Stock Track | Veeco Instruments Shares Tumble on Earnings Miss and Weak Guidance

Stock Track08-08

Shares of Veeco Instruments Inc. (NASDAQ: VECO) plunged as much as 5.65% during intraday trading on Wednesday, following the company's disappointing second-quarter earnings report and weaker-than-expected guidance for the third quarter.

The semiconductor equipment maker reported non-GAAP earnings of $0.42 per diluted share for the second quarter, missing analysts' expectations of $0.43 per share. While net sales of $175.9 million were up from the previous year, they also fell short of the consensus estimate of $176 million.

Adding to investors' concerns, Veeco provided a lackluster outlook for the third quarter. The company expects adjusted earnings per share between $0.39 and $0.49, below the analysts' forecast of $0.46. Revenue guidance for the quarter was set at $170 million to $190 million, compared to the consensus estimate of $181.9 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1105079898?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-08 01:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1105079898","market":"us","top_or_hot":-1,"title":"Stock Track | Veeco Instruments Shares Tumble on Earnings Miss and Weak Guidance","media":"Stock Track","content":"<p>Shares of Veeco Instruments Inc. (NASDAQ: VECO) plunged as much as 5.65% during intraday trading on Wednesday, following the company's disappointing second-quarter earnings report and weaker-than-expected guidance for the third quarter.</p>\n\n<p>The semiconductor equipment maker reported non-GAAP earnings of $0.42 per diluted share for the second quarter, missing analysts' expectations of $0.43 per share. While net sales of $175.9 million were up from the previous year, they also fell short of the consensus estimate of $176 million.</p>\n\n<p>Adding to investors' concerns, Veeco provided a lackluster outlook for the third quarter. The company expects adjusted earnings per share between $0.39 and $0.49, below the analysts' forecast of $0.46. Revenue guidance for the quarter was set at $170 million to $190 million, compared to the consensus estimate of $181.9 million.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Veeco Instruments Shares Tumble on Earnings Miss and Weak Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Veeco Instruments Shares Tumble on Earnings Miss and Weak Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-08 01:16 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Veeco Instruments Inc. (NASDAQ: VECO) plunged as much as 5.65% during intraday trading on Wednesday, following the company's disappointing second-quarter earnings report and weaker-than-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VECO","symbol_name":"维易科精密仪器","start_time":0,"source_url":"","article_id":"1105079898","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1105079898","pubTimestamp":1723050985,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Veeco Instruments Inc.  plunged as much as 5.65% during intraday trading on Wednesday, following the company's disappointing second-quarter earnings report and weaker-than-expected guidance for the third quarter.The semiconductor equipment maker reported non-GAAP earnings of $0.42 per diluted share for the second quarter, missing analysts' expectations of $0.43 per share. While net sales of $175.9 million were up from the previous year, they also fell short of the consensus estimate of","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VECO":"维易科精密仪器"},"translate_title":"股票追踪Veeco Instruments股价因盈利未达预期和指引疲弱而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VECO":1},"content_text":"Shares of Veeco Instruments Inc. (NASDAQ: VECO) plunged as much as 5.65% during intraday trading on Wednesday, following the company's disappointing second-quarter earnings report and weaker-than-expected guidance for the third quarter.\nThe semiconductor equipment maker reported non-GAAP earnings of $0.42 per diluted share for the second quarter, missing analysts' expectations of $0.43 per share. While net sales of $175.9 million were up from the previous year, they also fell short of the consensus estimate of $176 million.\nAdding to investors' concerns, Veeco provided a lackluster outlook for the third quarter. The company expects adjusted earnings per share between $0.39 and $0.49, below the analysts' forecast of $0.46. Revenue guidance for the quarter was set at $170 million to $190 million, compared to the consensus estimate of $181.9 million.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1105079898"}