Veeco Reports Third Quarter 2020 Financial Results

News | Oct 27, 2020

 

Third Quarter 2020 Highlights:

  • Revenues of $112.1 million, compared with $109.0 million in the same period last year
  • GAAP net income of $0.6 million, or $0.01 per diluted share, compared with a loss of $11.8 million, or $0.25 loss per diluted share in the same period last year
  • Non-GAAP net income of $11.0 million, or $0.22 per diluted share, compared with $2.6 million, or $0.05 per diluted share in the same period last year

PLAINVIEW, N.Y. — Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its third quarter ended September 30, 2020. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

Read more here.

Recent Posts

Veeco is the industry leader driving HDD manufacturing to new levels of productivity.

Veeco Receives Multi-System Order for New, Dual-Technology Platform that Enables Next Generation Power Electronic Devices

Read more

Veeco Announces Date for Third Quarter 2021 Financial Results and Conference Call

Read more

IQM of Finland Places Multi-System Order for Veeco’s Atomic Layer Deposition System to Enable Next Generation Quantum Computing

Read more

Veeco to Host Virtual Analyst Event on September 9, 2021

Read more

Our team is ready to help