Veeco Isn't as Bright as It Looks

For the past two weeks, we have been in the midst of an earnings blizzard. More than 2,200 companies have shared their March quarter performances and updated their outlooks. As the velocity of earnings reports begins to slow, we can sit back and dig deeper into a company's quarterly results and outlook and make a more informed decision on what to do with the shares.

For several months, I have had a negative view of the shares of Veeco Instruments (VECO). The company presented better-than-expected March quarter results, having delivered earnings of $0.49 per share on revenue of $140 million, vs. management's guidance of earnings of $0.13 to $0.34 on revenue in the range of $115 million to $140 million. Clearly, Veeco handily beat its forecast, particularly on the EPS side, much the way it has over the last several quarters, and that resulted in shares swelling to an eight-month high. ...370 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.