Recap: Veeco Instruments Q4 Earnings

 

Veeco Instruments VECO reported its Q4 earnings results on Wednesday, February 16, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Veeco Instruments beat estimated earnings by 16.22%, reporting an EPS of $0.43 versus an estimate of $0.37.

Revenue was up $14.03 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05, which was followed by a 9.8% increase in the share price the next day.

Here's a look at Veeco Instruments's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 0.35 0.27 0.23 0.3
EPS Actual 0.40 0.35 0.25 0.3
Revenue Estimate 146.41M 135.97M 125.57M 129.11M
Revenue Actual 150.25M 146.34M 133.71M 138.95M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Veeco Instruments management provided guidance for their next quarter, expecting earnings between $0.28 and $0.44 per share for the next quarter.

This represents a -16.28% in quarter-over-quarter growth for Veeco Instruments, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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