Shares of MKS Instruments (NASDAQ:MKSI) rose 4.07% in after-market trading after the company reported Q2 results.
Earnings per share rose 48.62% over the past year to $1.62, which beat the estimate of $1.19.
Revenue of $544,300,000 rose by 14.80% year over year, which beat the estimate of $491,880,000.
Q3 EPS expected between $1.55 and $1.95.
Q3 revenue expected to be between $535,000,000 and $585,000,000.
Company's 52-week high was at $126.65
Company's 52-week low was at $66.87
Price action over last quarter: Up 20.43%
MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems that can be used to measure, monitor, deliver, and control parameters of manufacturing processes. The reportable segments of the company are vacuum and analysis, and light and motion. The vacuum and analysis segments include analytical and control solutions, vacuum solutions, power, and plasma and reactive gas solutions products. The light and motion segment includes laser products, photonics products, and optics products. The company derives the majority revenue from the vacuum and analysis segment.
See more from Benzinga
- Earnings Scheduled For July 29, 2020
- Stocks That Hit 52-Week Highs On Thursday
- Stocks That Hit 52-Week Highs On Wednesday
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.