Tuesday, July 27, 2010

Lighting: Veeco Crushed the Street (VECO)

Along with Cree, best in class.
From yesterday's Tech Trader Daily:

Veeco Q2 Crushes Street Estimates; Q3 Outlook Also Strong
Veeco (VECO), which sells equipment used in the LED, solar, data storage and metrology sectors, posted Q2 results that were well above Street expectations.

For the quarter, VECO reported revenue of $253 million and non-GAAP profits of $1.01 a share; the Street had been expecting $232 million and 83 cents. Bookings were $347 million, up 250% from a year ago, and up 30% sequentially....MORE