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MOCVD equipment maker Veeco's first-quarter revenue increased 24% quarter-on-quarter

Veeco, a supplier of MOCVD equipment, announced its financial results for the first quarter of 2014 (January-March) after the US stock market closed on the 5th: revenue increased by 47% year-on-year (a quarterly increase of 24%) to US$90.8 million; the industry's loss per share reached US$0.06, lower than the loss per share of US$0.19 in the same period last year.
Veeco CEO John R. Peeler pointed out that orders received in the first quarter increased by 21% to $103 million, the best record in the past two years. It is currently expected that the order volume in the second quarter will be the same or better than the previous quarter. However, the timing and scale of expansion of major customers may cause MOCVD quarterly orders to be too large and unpredictable.
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