Veeco rises as semiconductor process equipment company reports 4Q revenue that beat estimates
Veeco Instruments Inc (NASDAQ:VECO) climbed Monday after reporting fourth-quarter revenue that beat that estimates of analysts.
Shares advanced $0.01 to $11 in Monday’s after-hours trading.
READ: ON Semiconductor Corporation beats Wall Street estimates with 2Q earnings after demand for chips rockets
For the quarter ended December 31, the semiconductor process equipment manufacturer posted revenue of $99 million, compared with the $95.88 million average estimate of analysts. Revenue was down from
$139.7 million a year earlier. The company projected first-quarter revenue of $85 million to $105 million.
“We are excited about our future,” CEO William J. Miller said in a statement.
The Plainview, New York, company posted a fourth-quarter net loss of $7.5 million, or $0.16 per share, which matched the average estimate of analysts.
Contact Dennis Fitzgerald at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/214392/veeco-rises-as-semiconductor-process-equipment-company-reports-4q-revenue-that-beat-estimates-214392.html
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