Recap: Veeco Instruments Q2 Earnings - Veeco Instruments (NASDAQ:VECO)

Veeco Instruments VECO reported its Q2 earnings results on Monday, August 8, 2022 at 04:05 PM.

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

Veeco Instruments beat estimated earnings by 20.69%, reporting an EPS of $0.35 versus an estimate of $0.29.

Revenue was up $17.66 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 13.26% drop in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.35	0.37	0.35	0.27
EPS Actual	0.38	0.43	0.40	0.35
Revenue Estimate	155.64M	151.16M	146.41M	135.97M
Revenue Actual	156.43M	152.97M	150.25M	146.34M

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).

Veeco Instruments management provided guidance for Q3 2022, expecting earnings between $0.32 and $0.48 per share.

To track all earnings releases for Veeco Instruments visit their earnings calendar here.

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