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Sep 30, 2020
Veeco Q3 2020 Earnings Report
Reported solid performance driven by ion beam technologies sold into the Data Storage market.
Key Takeaways
Veeco reported Q3 2020 financial results with revenues of $112.1 million and GAAP net income of $0.6 million, or $0.01 per diluted share. Non-GAAP net income was $11.0 million, or $0.22 per diluted share.
Revenues of $112.1 million, compared with $109.0 million in the same period last year
GAAP net income of $0.6 million, or $0.01 per diluted share, compared with a loss of $11.8 million, or $0.25 loss per diluted share in the same period last year
Non-GAAP net income of $11.0 million, or $0.22 per diluted share, compared with $2.6 million, or $0.05 per diluted share in the same period last year
Advancing profitability in the quarter was driven by ion beam technologies sold into the Data Storage market
Forward Guidance
For the fourth quarter 2020, Veeco expects revenue in the range of $120 million to $135 million, GAAP earnings per share in the range of $0.02 to $0.17, and non-GAAP earnings per share in the range of $0.22 to $0.37.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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