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Stock impact report

Veeco Instruments: U.S. Government Could Be The Wildcard Impacting China Tailwind [Seeking Alpha]

Veeco Instruments Inc. (VECO) 
Last veeco instruments inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.veeco.com/home/default.aspx
Company Research Source: Seeking Alpha
Most in the industry have seen sales and profits take a dip in FY2023, but VECO has been able to outperform by staying on the path of growth. A look under the hood suggests VECO is not in as good a position as the headline numbers would lead you to believe. Long VECO has strong arguments in its favor, but there is also a good reason why some will opt to take a pass on VECO. Veeco Instruments ( NASDAQ: VECO ), a supplier of semiconductor process equipment, closed the books on FY2023 with the release of the latest Form 10-K. In general, FY2023 was a good year for VECO, which found its way back to the stock with strong gains. In fact, VECO was able to grow the top and the bottom line at a time when most suppliers of equipment used to manufacture semiconductors saw business contract due to a downturn in the equipment market. True, VECO is not a pure semiconductor play, but it was the semiconductor segment powering the outperformance, offsetting weakness elsewhere. However, there is Show less Read more
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