Veeco Instruments Inc. said it won’t file its latest quarterly report on time, Dow Jones reported. The company, which makes tools used to manufacture LED and solar products is evaluating the timing of revenue recognition for the sale of certain products. “The systems which are the subject of these transactions were delivered, accepted and paid for in full by our customers,” chief executive John Peeler said. “Our review focuses on determining whether revenue was recognized in the appropriate accounting periods.”
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