Veeco Instruments Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year Ended December 31, 2016
January 10, 2017 at 09:47 pm
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Veeco Instruments Inc. provided earnings guidance for the fourth quarter and fiscal year ended December 31, 2016. For the quarter, the company expects revenue to be in between $91 million to $95 million, net loss to be in between $7 million $5 million, diluted loss per share to be in between $0.18 $0.12, adjusted net loss to be in between $2 million to $4 million, adjusted EBITDA to be in between $5 million to $7 million and adjusted diluted earnings per share to be in between $0.04 to $0.10.
For the full year, the company expects revenue to be in between $330 million to $334 million, net loss to be in between $124 million to $122 million, diluted loss per share to be in between $3.16 to $3.10, adjusted net loss to be in between $12 million to $10 million, adjusted EBITDA to be in between $3 million to $5 million and adjusted diluted loss per share to be in between 0.31 to 0.25.
Veeco Instruments Inc. is a manufacturer of semiconductor process equipment. The Company's laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch and clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. The Company's system products include Laser Annealing Systems, Ion Beam Systems and Etch Systems, Advanced Packaging Lithography, Single Wafer Wet Processing, Metal Organic Chemical Vapor Deposition Systems, Molecular Beam Epitaxy Systems, Atomic Layer Deposition Systems, and Other Systems. Its other deposition systems include Physical Vapor Deposition, Diamond-Like Carbon Deposition, and Chemical Vapor Deposition Systems. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory (DRAM), photonics devices, power electronics, and other semiconductor devices.
VEECO INSTRUMENTS INC. 
