* Sees Q2 adj EPS $0.29-$0.48
* Sees Q2 rev $120-$145 million
* Q1 rev 139.9 mln vs est $126 mln
* Q1 adj EPS $0.49 vs $0.19
* Shares up 15 percent
April 30 Veeco Instruments Inc's
first-quarter results handily beat analysts' lowered estimates
and the chip-equipment maker guided a strong second quarter,
sending its shares up 15 percent in extended trade.
The company, which makes certain equipment critical in LED
production, has seen orders dry out as solar cell makers clamp
down on expansion and a glut in the LED market.
However, LED and solar gear orders jumped during the
quarter, helping the Veeco top analysts' muted estimates.
Veeco expects 29 to 48 cents a share in adjusted earnings on
revenue of $120 million to $145 million in the second quarter.
Analysts on average were looking for a 23 cents a share
profit on $128.2 million in revenue for the period, according to
Thomson Reuters I/B/E/S.
First-quarter revenue fell to $139.9 million, but topped the
$126 million pegged by analysts.
During the period, the company earned $16.5 million, or 42
cents a share, down from $58 million, or $1.36 a share last
Excluding items, it earned a 49 cent a share profit, above
the 19 cent a share expected by analysts.
Shares of the company closed at $30.19 on Monday on the
Nasdaq. They were up 15 percent at $35.20 in after-market