MKS Instruments: Q3 Earnings Snapshot
ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — MKS Instruments Inc. (MKSI) on Wednesday reported third-quarter earnings of $39 million.
On a per-share basis, the Andover, Massachusetts-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring costs, came to $1.46 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $932 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $932.1 million.
For the current quarter ending in December, MKS Instruments expects its per-share earnings to range from 58 cents to $1.12.
The company said it expects revenue in the range of $800 million to $880 million for the fiscal fourth quarter.
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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
