On Oct. 23, Veeco Instrument
- Veeco's revenue and earnings were in line with revised revenue and earnings estimates that the company announced earlier this month, thanks to $15 million worth of data storage being rescheduled for Q4.
- Orders for Q3 were up 36%, to $114.8 million, because of growth across all segments, including a 99% increase in HB-LED wireless bookings.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$113 |
$112 |
$100 |
12.3% |
|
Net Profit |
-- |
$5 |
$2 |
187.9% |
|
EPS |
$0.16 |
$0.14 |
$0.05 |
180% |
|
Diluted Shares |
-- |
31 |
30 |
3.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
42.59% |
44.23% |
(1.64) |
|
Operating Margin |
4.42% |
4.21% |
0.21 |
|
Net Margin |
4.01% |
1.56% |
2.45 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$127 |
$112 |
13.3% |
|
Accounts Rec. |
$87 |
$86 |
0.9% |
|
Inventory |
$105 |
$99 |
5.3% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$36 |
$33 |
10.7% |
|
Long-Term Debt |
$209 |
$229 |
(8.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Vecco Instrument must have stored its cash flow statement somewhere, because it's missing from the press release.
Find out why Fools always follow the money.
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