Despite revenues declining by 7% q-o-q and 2% y-o-y in the first quarter, we believe the company performed well in a tough market and has a lot to look forward to this year.
Veeco Instruments shares are trading sharply lower this morning after the company disclosed that due to the discovery of a revenue recognition issue, it will be delayed in filing its September quarter 10-Q.
As you might recall if you have been following this saga, OCZ followed up the earnings warning with the disclosure that it does not have any idea when it will be able to file the August quarter 10-Q.
There was a mixed showing for German solar power companies Q-Cells and Solon, after both alluded to difficulties in trading in the first quarter and for the rest of the year.
Priceline recently reported its Q3 2012 earnings and despite an anticipated deceleration in growth from Europe, it posted solid quarter with a 17% y-o-y and 29% q-o-q growth.