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Veeco’s Q3 results reflect stubborn market

For third-quarter 2012, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported total revenue of $127m, while its adjusted EBITA (earnings before interest, income taxes and amortization) and earnings per share were $17m and $0.34, respectively (on a non-GAAP basis). John R. Peeler, Veeco’s chairman & CEO, commented that these headline results were in line with the company’s guidance, adding, “Veeco generated $46m in cash flow from operations, ending the quarter with $574m in cash and short-term investments.” Third-quarter LED & Solar revenues were $94m: approximately $79m in MOCVD and $15m in MBE.

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