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Veeco Instruments Inc. (VECO) Is Heading Higher After Q1 Update

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Veeco Instruments Inc. (VECO: Quote) announced after the bell Monday that first quarter bookings were $70 million and that its unaudited cash balance at March 31, 2013 was $588 million, up from $579 million at December 31, 2012. The stock is now up 3.87 on 55K shares.

Veeco Instruments traded in a range for the majority of Monday's session and closed down by 0.27 at $32.23. The stock has been losing ground for the last week and a half and closed testing its 200-day moving average.

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by RTT Staff Writer

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