Veeco Instruments (VECO) Falls on Earnings Forecast

Veeco Instruments Inc. (NASDAQ: VECO) shares dropped 7.1% to $27.55, as the company issued a strong earnings forecast for FY16 and reported a public offering of $200 million of Convertible Senior Notes due 2023. Share volume totaled 534,000 compared to an all-day average of 251,000