Veeco second quarter revenue decreased by 2.4%

MOCVD equipment provider Veeco announced the second quarter of 2014 to 30 on the American stock market (4-6 months) earnings: revenue minus 2.4% years (quarter by 5%) to $95 million 100 thousand (about 587 million yuan); the industry loss per share amounted to $0.16 (about 0.99 yuan), higher than the same period last year's loss of $0.03 per share (about 0.18 yuan yuan). According to the Capital IQ survey, analysts had expected Veeco revenue in the second quarter, the industry loss per share were $92 million 940 thousand (about 573 million yuan), $0.18 (about 1.11 yuan).

Prospects this season (7-9 months), Veeco expects revenue to be between 92 million -1 million U.S. dollars (about 567 million RMB -6.17 billion yuan); industry loss per share will range from 0.15-0.07 dollars (about RMB 0.93-0.43 yuan). Analysts had expected Veeco 7-9 monthly revenue, industry loss per share will reach $105 million 350 thousand (about 650 million yuan), $0.03 (about 0.19 yuan).

Veeco CEO John Peeler pointed out that MOCVD business situation improved last year, but the company's other departments failed to continue to improve performance in. He said, by the company MOCVD in the first half of orders and revenue visible, LED market trend is still quite positive; although MOCVD quarter orders fluctuate, the estimated future will be steady growth in the second half of this year, orders will be better than the first half of the year. The company will improve the operation and the implementation of development strategies, streamlining personnel, reduce operating expenses, the target was reached in 2015 two digit industry stands ahead of earnings before interest and tax depreciation (EBITDA) profit.

Philadelphia Semiconductor Index constituent stocks Veeco 30 normal disk rose by 0.79%, to close at $35.77 (about RMB 220.79 yuan); after hours fell by $35 to $2.15% (about RMB 216.04).

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