More on Veeco's Q1: Though revenue fell 27% Q/Q, gross margin rose 340 bps to 46.7% and opex...

|About: Veeco Instruments Inc. (VECO)|By:, SA News Editor

More on Veeco's Q1: Though revenue fell 27% Q/Q, gross margin rose 340 bps to 46.7% and opex fell 13%, contributing to the strong EPS beat. Book-to-bill was a weak 0.81 thanks to poor LED and solar equipment orders, but that's up a bit from Q4's 0.75. Veeco is guiding for Q2 revenue of $120M-$145M and EPS of $0.29-$0.48, compared with a consensus of $128.2M and just $0.23. VECO +8.5% AH. (PR)