trending Market Intelligence /marketintelligence/en/news-insights/trending/RiuAslecDAmVXIyHhEmK1Q2 content esgSubNav
In This List

Veeco Instruments Q1 loss widens 13.1% YOY

Blog

Live TV still dominates most TV viewing in Asia

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Middle East & Africa M&A by the Numbers: Q2 2021

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound


Veeco Instruments Q1 loss widens 13.1% YOY

Veeco Instruments Inc. said its first-quarter normalized net income was a loss of 24 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 29 cents per share.

The per-share loss increased 14.6% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $9.3 million, compared with a loss of $8.2 million in the year-earlier period.

The normalized profit margin declined to negative 11.9% from negative 8.4% in the year-earlier period.

Total revenue declined 20.7% on an annual basis to $78.0 million from $98.3 million, and total operating expenses declined 16.6% from the prior-year period to $93.2 million from $111.7 million.

Reported net income came to a loss of $15.6 million, or a loss of 40 cents per share, compared to a loss of $19.0 million, or a loss of 48 cents per share, in the prior-year period.