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Dec 31, 2019
Veeco Q4 2019 Earnings Report
Veeco reported increased revenue but a net loss for Q4 2019.
Key Takeaways
Veeco Instruments Inc. announced financial results for the fourth quarter and fiscal year ended December 31, 2019. The company's revenue increased compared to the same period last year, but it reported a GAAP net loss. However, non-GAAP net income was positive.
Revenues of $113.2 million, compared with $99.0 million in the same period last year
GAAP net loss of $32.9 million, or $0.69 loss per diluted share
Non-GAAP net income of $5.4 million, or $0.11 per diluted share
Company is positioning for long-term growth in the front-end semiconductor, advanced packaging and compound semiconductor markets
Forward Guidance
The following guidance is provided for Veeco’s first quarter 2020: Revenue is expected to be in the range of $95 million to $120 million, GAAP loss per share is expected to be in the range of ($0.24) to ($0.01), Non-GAAP earnings per share is expected to be in the range of $0.00 to $0.22
Historical Earnings Impact
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Avg. Return Before/After Earnings
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