The U.S. stock market is in the red with investors awaiting President Donald Trump's decision on the Iran nuclear deal.
Shares of Veeco Instruments Inc. (VECO, Financial) jumped on Monday trading after the company posted earnings per share of 20 cents in the first quarter on revenue of $158.6 million, which was 68.0% higher than the comparable period. The company beat revenue expectations by $7.43 million and earnings estimates by 14 cents.
"2018 is off to a great start with strong sequential and year-over-year revenue growth. Our Non-GAAP gross margin, operating income, net income and EPS all exceeded our guided ranges,ā commented John R. Peeler, chairman and CEO. āSales growth in the first quarter was driven primarily by shipments of our lithography systems into the advanced packaging market and shipments of MOCVD systems for LED applications."
For the second quarter, the company expects revenue to be between $145 million and $170 million. Non-GAAP operating income is expected in the range of $2 million to $11 million while non-GAAP earnings per share are expected to be between 1 cent and 20 cents.
Gainers
ā¢ Discovery Inc. (DISCA, Financial)
ā¢ Martin Marietta Materials Inc. (MLM, Financial)
ā¢ Brighthouse Financial Inc. (BHF, Financial)
ā¢ Capital One Financial Corp. (COF, Financial)
Losers
ā¢ Mosaic Co. (MOS, Financial)
ā¢ SCANA Corp. (SCG, Financial)
ā¢ AES Corp. (AES, Financial)
ā¢ TripAdvisor Inc. (TRIP, Financial)
Global markets
The main European stock markets traded lower. The U.K.'s FTSE gained 0.01%, France's CAC slid 0.30%, Spain's Ibex retreated 0.03% and Germany's Dax fell 0.43%.
In Asia, markets closed in the green. ChinaĀ“s Shanghai closed up 0.79%, Japan's Nikkei gained 0.18%, Hong Kong's Hang Seng advanced 1.36% and Indiaās BSE Sensex gained 0.02%.
Disclosure: The author holds no position in any stocks mentioned.
