Veeco Instruments Announces Rise In Q4 Earnings

(RTTNews) - Veeco Instruments (VECO) reported a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line climbed to $9.1 million, or $0.19 per share. This was up from $3.8 million, or $0.09 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 53.2% to $143.4 million. This was up from $93.6 million last year.

Veeco Instruments earnings at a glance:

-Earnings (Q4): $9.1 Mln. vs. $3.8 Mln. last year. -Earnings Growth (Y-o-Y): 139.5% -EPS (Q4): $0.19 vs. $0.09 last year. -EPS Growth (Y-o-Y): 111.1% -Analysts Estimate: $0.09 -Revenue (Q4): $143.4 Mln vs. $93.6 Mln last year. -Revenue Change (Y-o-Y): 53.2%

-Guidance: Next quarter EPS guidance: ($0.04) to $0.14 Next quarter revenue guidance: $140 - $165 Mln