PLAINVIEW, N.Y. (AP) — PLAINVIEW, N.Y. (AP) — Veeco Instruments Inc. (VECO) on Monday reported earnings of $8.7 million in its first quarter.
On a per-share basis, the Plainview, New York-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.
The precision manufacturing equipment maker posted revenue of $153.5 million in the period.
For the current quarter ending in June, Veeco expects its per-share earnings to range from 26 cents to 34 cents.
The company said it expects revenue in the range of $145 million to $165 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $176.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VECO at https://www.zacks.com/ap/VECO
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