PLAINVIEW, N.Y., April 08, 2020 -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its first quarter 2020 financial results after the market closes on Thursday, May 7,.
Fourth Quarter 2019 Highlights: Revenues of $113.2 million, compared with $99.0 million in the same period last yearGAAP net loss of $32.9 million, or $0.69 loss per diluted.
Veeco Instruments Inc.'s (NASDAQ:VECO): Veeco Instruments Inc., together with its subsidiaries, develops, manufactures...
Veeco Instruments Inc. (VECO) has changed the location of the Company’s upcoming 2020 Annual Meeting of Stockholders. The Annual Meeting, which is still scheduled to occur on Thursday, May 7, 2020 at 8:30 a.m. Eastern Time, will be moved from 333 South Service Road, Plainview, New York 11803 to the Company’s Corporate Headquarters at 1 Terminal Drive, Plainview, New York 11803. This change is being implemented to allow Veeco to better manage and address public health concerns relating to the coronavirus (COVID-19) pandemic.
DRQ earnings call for the period ending March 31, 2020.
Veeco also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of the notes. Veeco estimates that the net proceeds from the offering will be approximately $121.9 million (or approximately $140.3 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting fees and expenses payable by Veeco. Veeco intends to use approximately $10.3 million of the net proceeds to pay the cost of the capped call transactions described below, and $81.2 million of the net proceeds from the offering of the notes to repurchase and retire $88.3 million aggregate principal amount of its outstanding 2.70% convertible senior notes due 2023 (the “2023 Notes”) in separate, privately negotiated transactions effected by one or more of the initial purchasers or their affiliates concurrently with the pricing of the notes.
Veeco (VECO) delivered earnings and revenue surprises of 144.44% and -1.04%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Veeco Instruments Inc. (VECO) has announced the appointment of Susan Wilkerson to the position of senior vice president of global sales and service. Ms. Wilkerson most recently served as vice president and general manager of strategic accounts at Lam Research where she successfully implemented revenue growth and customer satisfaction initiatives. Ms. Wilkerson also served in a variety of executive level roles at Applied Materials where she led their global accounts and North America operations organizations.
Veeco Instruments Inc. (“Veeco”) (VECO) announced today that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of Convertible Senior Notes due 2027 (the “notes”) in a private offering. Veeco also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $22.5 million aggregate principal amount of the notes. Veeco intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below, and the remaining net proceeds from the offering of the notes to repurchase and retire a portion of its outstanding 2.70% convertible senior notes due 2023 (the “2023 Notes”) in separate, privately negotiated transactions effected by one or more of the initial purchasers or their affiliates concurrently with the pricing of the notes.
Veeco Instruments Inc (VECO) on Tuesday said it expected first-quarter revenue in the range of $100 million to $105 million as its workers won’t be subject to stay-at-home government orders.The financial update comes after Veeco on March 17 withdrew its financial guidance citing potential disruptions in the company’s operations caused by the repercussions of the coronavirus pandemic. Veeco manufactures thin film process equipment that enables high-tech electronic device production including LEDs.“We subsequently determined that our operations are considered part of the critical and essential infrastructure defined by applicable government agencies,” Veeco said in a statement. “Consequently, we are currently permitted and are endeavoring to maintain manufacturing and supply chain operations during these uncertain times.”The three Wall Street analysts covering Veeco in the past three months agree that the stock is a Buy, culminating in a Strong Buy consensus rating. The $18 average price target set by the analysts could provide investors with a potential 88% return in the next 12 months. (See Veeco’s stock analysis on TipRanks) Earlier this month, Veeco had said that several California counties issued a “shelter-in-place” directive due to the coronavirus outbreak and as a result its San Jose factory had ceased to operate.Related News: Apple Buys Weather App Dark Sky in Undisclosed Deal Verint Systems Misses Profit Estimates, Sees Growing Cloud Demand Momentum Zoom Shares Pull Back As Company Sued For Personal Data Breach More recent articles from Smarter Analyst: * Gilead’s Experimental Coronavirus Drug Shows “Hopeful” Signs in Small Group * KB Home Declares Second-Quarter Cash Dividend * Honeywell Secures $1.5 Billion Revolving Credit Line * Microsoft’s Bill Gates to Spend Billions of Dollars on Coronavirus Vaccine Development
Veeco's data storage business remained strong, helping the company beat expectations for revenue and margins. While customer interest in products for EUV mask blanks, advanced packaging, and advanced chip production remains healthy, orders and near-te…
PLAINVIEW, N.Y., Jan. 21, 2020 -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full year 2019 financial results after the market close on.
CEBU CITY, Philippines — Visayan Electric Company has reported a net income of P2.6 billion for 2019, the company told its shareholders during its Annual Shareholders Meeting on Tuesday, May 19, 2020. Engineer Raul Lucero, Visayan Electric’s president and chi…
Veeco (VECO) delivered earnings and revenue surprises of 144.44% and -1.04%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
VECO earnings call for the period ending March 31, 2020.
Q1 2020 Veeco Instruments Inc Earnings Call
Fisher’s 13F portfolio value decreased from $98.96B to $80.64B in Q1 2020.They reduced Johnson & Johnson, Pfizer, Procter & Gamble, SoftBank, HSBC and UBS to minutely small stakes during the quarter.Fisher has substantial stakes in several ETFs/ETNs and hundr…
PLAINVIEW, N.Y., March 17, 2020 -- Veeco Instruments Inc. (NASDAQ: VECO) is providing a business update related to the worldwide COVID-19 (coronavirus) outbreak. Veeco's.
Veeco (VECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
At this time, I'd like to turn the conference over to Mr. Anthony Bencivenga, Head of Investor Relations. Joining me on the call today are Bill Miller, Veeco's Chief Executive Officer; and John Kiernan, our Chief Financial Officer. Today's earnings release is available on the Veeco website.
Q4 2019 Veeco Instruments Inc Earnings Call
PLAINVIEW, N.Y., March 31, 2020 -- Veeco Instruments Inc. (NASDAQ: VECO) is providing a business update related to COVID-19 and a preliminary estimate of first quarter 2020.
Manufacturing Machinery Industry Outlook: Prospects Bright
CEBU CITY, Philippines — The Cebu City Council has approved a P50 million project to set up a quarantine center at the South Road Properties (SRP). Cebu City Vice Mayor Michael Rama delivered a privilege speech presenting the project to the council that would…
If you own shares in Veeco Instruments Inc. (NASDAQ:VECO) then it's worth thinking about how it contributes to the...
Veeco management will be available to meet one-on-one with investors during the conference. Interested investors should contact their Cowen representative to secure a meeting time. Veeco management is scheduled to present at 8:40 AM ET.
PLAINVIEW, N.Y., May 07, 2020 -- Veeco Instruments Inc. (NASDAQ: VECO) announced recent changes to its Board of Directors, including: John Peeler, Chairman of the Board and.