Earnings Preview: Veeco Instruments

Published on Friday, 03 February 2012 21:11 Written by Christopher Lynn

New York, February 3rd (TradersHuddle.com) - Shares of Veeco Instruments Inc. (NASDAQ:VECO) traded higher by +5.19% ahead of its quarterly earnings release. Veeco Instruments, the provider of process equipment solutions is expected to release its quarterly results on February 6^th.

Wall Street Analysts consensus calls for a profit of $0.68 a share on $193.74 million revenue.

Veeco Instruments estimates have a range of $0.42 a share. The high estimate calls for profit of $0.83 a share and the low estimate is calling for a profit of $0.41 a share, a year ago for the quarter the company reported $1.62 a share.

Veeco Instruments Inc. (NASDAQ:VECO) is a provider of process equipment solutions used by manufacturers in the HB-LED, solar, data storage, semiconductor,scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, and Data Storage Process Equipment.