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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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October 31, 2014
06:35 EDTVECOVeeco upgraded to Positive from Neutral at Susquehanna
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October 29, 2014
16:26 EDTVECOVeeco sees 2H orders higher than 1H
The company said, “Veeco’s second half 2014 orders are currently expected to be higher than the first half, driven by growth in MOCVD, as LED unit demand and quoting activity remain strong. Veeco is making progress improving bottom line performance through a combination of better business conditions, execution on growth initiatives, and a more streamlined company with lower operating expenses.”
16:26 EDTVECOVeeco sees Q4 EPS (3c)-9c, consensus 1c
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16:25 EDTVECOVeeco reports Q3 adjusted EPS (2c), consensus (12c)
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October 28, 2014
10:40 EDTVECOHigh option volume stocks
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October 21, 2014
15:25 EDTVECOEarnings Preview: Cree reports after pre-announcing Q1 miss
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