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Technology Stocks : Semi Equipment Analysis

SOXX 299.48

-4.8%

Dec 12 4:00 PM EST

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To: Donald Wennerstrom who wrote (76589)	8/4/2017 4:35:05 PM
From: Donald Wennerstrom	2 Recommendations Recommended By Return to Sender The Ox of 95574

VECO announced their earnings last night and while the report beat estimates, the future outlook was down from estimates. This tanked the stock price today, VECO down -6.95(-24.1%). Veeco Instruments beats by $0.11, beats on revs; guides Q3 EPS, revs below consensus 4:15 PM ET 8/3/17 \| Briefing.com Reports Q2 (Jun) earnings of $0.15 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.04; revenues rose 52.7% year/year to $115.07 mln vs the $110.87 mln Capital IQ Consensus. Co issues downside guidance for Q3, sees EPS of ($0.09)-$0.09, excluding non-recurring items, vs. $0.39 Capital IQ Consensus Estimate; sees Q3 revs of $125-145 mln vs. $169.36 mln Capital IQ Consensus Estimate. "Note: The revenue guidance range above does not include approximately $20-$25 million of deferred revenue relating to orders for Veeco's new high-productivity MOCVD systems that are expected to ship in the third quarter. We will recognize this revenue once the tools are installed and our customers place them into production, which we expect to occur in early 2018."

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