Veeco Instruments (VECO) Q4 Earnings and Revenues Top Estimates

Company Performance - Veeco Instruments reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, but down from $0.51 per share a year ago, representing an earnings surprise of 2.50% [1] - The company posted revenues of $182.13 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.61% and up from $173.92 million year-over-year [2] - Over the last four quarters, Veeco has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Outlook - Veeco shares have declined approximately 11.6% since the beginning of the year, contrasting with the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $174 million, and for the current fiscal year, it is $1.71 on revenues of $729.5 million [7] Industry Context - The Electronics - Manufacturing Machinery industry, to which Veeco belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Veeco's stock performance [5]