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Stock Market & Financial Investment News

News Breaks
February 8, 2013
08:05 EDTVECOVeeco reports Q4 unit shipments in line with expecations, Q4 bookings $92.3M
At the end of the fourth quarter, Veeco took a $16M adjustment to reduce backlog across its businesses. The company’s unaudited cash balance at December 31, 2012 was $579M, up from $574M at September 30, 2012. Q4 operating costs are expected to be roughly flat with Q3. John R. Peeler, Veeco’s Chairman and CEO, says "Looking at 2013, we do not see any clear signs that the overcapacity in our MOCVD business and weak end market demand in Data Storage will improve in the near term. Customers across our markets continue to tightly guard spending and limit capacity expansions, and tight credit policies limit some of our Asian customers’ ability to raise capital and buy more equipment. The LED industry clearly remains in an equipment digestion period. With few MOCVD deals available, we have also experienced continued competitive pricing pressure."
News For VECO From The Last 14 Days
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February 24, 2015
07:19 EDTVECOSusquehanna to hold a summit
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February 19, 2015
07:42 EDTVECOVeeco price target lowered to $38 from $44 at UBS
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February 18, 2015
10:05 EDTVECOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
08:05 EDTVECOVeeco upgraded to Buy from Hold at Noble Financial
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February 17, 2015
16:19 EDTVECOVeeco sees Q1 EPS (13c)-(7c), consensus 14c
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16:17 EDTVECOVeeco reports Q4 EPS 13c, consensus 4c
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