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PLAINVIEW, N.Y. (AP) — PLAINVIEW, N.Y. (AP) — Veeco Instruments Inc. (VECO) on Wednesday reported profit of $128.9 million in its fourth quarter.
On a per-share basis, the Plainview, New York-based company said it had profit of $2. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The precision manufacturing equipment maker posted revenue of $153.8 million in the period.
For the year, the company reported profit of $166.9 million, or $2.71 per share. Revenue was reported as $646.1 million.
For the current quarter ending in March, Veeco expects its per-share earnings to range from 12 cents to 28 cents.
The company said it expects revenue in the range of $130 million to $150 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $176.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VECO">Zacks stock report on VECO at https://www.zacks.com/ap/VECO