News: Suppliers
14 January 2025
Veeco tightens revenue and EPS guidance ranges for Q4 and full-year 2024
Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has revised its guidance for fourth-quarter 2024 revenue from $165–185m (forecasted in early November) to $175–185m (growing from $173.9m a year ago).
Revenue guidance for full-year 2024 has been narrowed from $690–730m (forecasted in August) to $710–720m (the midpoint of which also exceeds the midpoint of the original forecast of $680–740m, as well as being up 7.3% on full-year 2023).
Guidance for non-GAAP diluted earnings per share for fourth-quarter 2024 has also been tightened, from $0.35–0.45 (forecasted in early November) to $0.36–0.44 (down on $0.51 a year ago).
Likewise, guidance for full-year 2024 diluted EPS has been tightened from $1.65–1.85 (forecasted in August) to $1.69–1.76 (the midpoint of which is slightly below that of the original forecast of $1.60–1.90, but is still above full-year 2023’s $1.69).
Veeco’s record laser annealing sales compensate for declining compound semi revenue in Q2
