Veeco Instruments Inc. (VECO) reported net income for the third quarter of $1.3 million or $0.04 per share, compared to a loss of $2.4 million or $0.08 per share in the year-ago quarter.
Non-GAAP net income was $0.16 per share, compared to $0.19 per share in the same quarter last year.
Revenues for the quarter decreased to $98.9 million from $115.7 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.01 per share, on revenues of $86.43 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead, Veeco's fourth quarter 2009 revenues are currently forecasted to be between $120 million - $130 million, with earnings per share between $0.25 to $0.35 on a GAAP basis and $0.29 to $0.35 on a non-GAAP basis.
Analysts currently expect earnings of $0.12 per share on revenues of $100.01 million for the fourth quarter.
Veeco's 2009 revenue guidance is now $353million - $363 million, up from previous guidance of $310 million - $325 million.
Analysts currently expect the company to post a loss of $0.26 per share on revenues of $321.33 million for the full year.
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