Veeco Instruments Reveals 533% Increase In Q4 Bottom Line

(RTTNews) - Veeco Instruments (VECO) revealed a profit for its fourth quarter that advanced compared to the same period last year.

The company said its bottom line rose to $3.8 million, or $0.09 per share. This was higher than $0.6 million, or $0.01 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.1% to $93.6 million. This was down from $106.5 million last year.

Veeco Instruments earnings at a glance:

-Earnings (Q4): $3.8 Mln. vs. $0.6 Mln. last year. -Earnings Growth (Y-o-Y): 533.3% -EPS (Q4): $0.09 vs. $0.01 last year. -EPS Growth (Y-o-Y): 800% -Analysts Estimate: $0.06 -Revenue (Q4): $93.6 Mln vs. $106.5 Mln last year. -Revenue Change (Y-o-Y): -12.1%

-Guidance: Next quarter EPS guidance: $0.00 - $0.16 Next quarter revenue guidance: $85 - $100 Mln