Veeco Instruments Inc. (VECO) reported third quarter EPS of $0.16 after the bell Monday, down from the $0.19 posted last year. The consensus estimate was for EPS of $0.01. The company expects to report fourth quarter EPS between $0.29 and $0.35, compared to the consensus estimate of $0.12. The company also announced that it commenced an underwritten public offering of up to 5,000,000 shares of its common stock. The stock is now up 0.92 on 294K shares.
Veeco Instruments Inc. fell below Monday's trading range around mid-afternoon and closed down by 0.49 at $25.07. The stock dipped to nearly a 2-week low.
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