Monday, May 7, 2018

Veeco Instruments reports revenue jumped to $158.6 million in 1Q/2018

Veeco Instruments Inc. Monday reported a jump in first-quarter revenue driven in part by strong demand for its equipment used in producing light-emitting diodes. The Plainview company had revenue of $158.6 million for the quarter ended March 31. That compared wuth revenue of $94.5 million in the 2017 period.

John R. Peeler, Veeco's chairman and chief executive, in a statement, attributed the revenue growth to shipments of specialized lithography systems and equipment used in producing LEDs. The company posted a net loss of $15.8 million, or 34 cents per share, versus net income of $1.6 million, or 4 cents a share in the 2017 period.

Source: Newsday LINK

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