LED demand driven MOCVD equipment hot Veeco high revenue forecast

MOCVD equipment manufacturer Veeco Instruments Inc. on the 26 U.S. stock market after the 2009 release of the second quarter of earnings: revenue decreased by $98 million 900 thousand to $15% per share profit of $0.16. According to Thomson Reuters survey, analysts had expected Veeco 7-9 monthly revenue, earnings per share of $86 million 400 thousand, $0.01.

Looking forward to this season (10-12 months), Veeco expects revenue to reach $1.20-1.30 million; earnings per share of $0.29-0.35. According to Thomson Reuters, Veeco 10-12 analysts had expected revenue and earnings per share this month for $100 million each, $0.12.

Veeco and announced the 2009 revenue forecast range from the original expected $3.10-3.25 to $3.53-3.63 billion.

Veeco said the third quarter orders amount ($226 million) hit a record high, of which $179 million (80% of total orders) is part of the LED & Solar related equipment. Veeco John CEO R. PeELer pointed out, including Chinese in mainland China, Taiwan and South Korea are the LED manufacturers in order to meet customer demand and a substantial increase in production capacity, the TurboDisc MOCVD Veeco of hot equipment. Just yesterday, the company announced that it has received from the Chinese LED chip manufacturer Xiamen Sanan Optoelectronics (Xiamen Sanan OptoElectronics) TurboDisc MOCVD equipment orders.

Veeco 26 in the normal disk fell by 1.92%, to close at $25.07; after hours rose $4.91% to $26.30.