ANDOVER, Mass. (AP) _ MKS Instruments Inc. (MKSI) on Monday reported first-quarter profit of $12.5 million.
On a per-share basis, the Andover, Massachusetts-based company said it had profit of 23 cents. Earnings, adjusted for one-time gains and costs, were $1.12 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $463.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $460.6 million.
For the current quarter ending in July, MKS Instruments expects its per-share earnings to range from 89 cents to $1.26.
MKS Instruments shares have climbed 55% since the beginning of the year. In the final minutes of trading on Monday, shares hit $100.30, a decline of roughly 4% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKSI at https://www.zacks.com/ap/MKSI