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MKS Instruments: 3Q Earnings Snapshot
10/27/2020 | 08:58pm GMT
ANDOVER, Mass. (AP) _ MKS Instruments Inc. (MKSI) on Tuesday reported third-quarter profit of $91.7 million.
On a per-share basis, the Andover, Massachusetts-based company said it had net income of $1.66. Earnings, adjusted for one-time gains and costs, were $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $589.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $559.6 million.
For the current quarter ending in December, MKS Instruments expects its per-share earnings to range from $1.80 to $2.20.
The company said it expects revenue in the range of $575 million to $625 million for the fiscal fourth quarter.
MKS Instruments shares have fallen slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $109.80, a fall of slightly more than 4% in the last 12 months.
This story was generated by Automated Insights (automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKSI at www.zacks.com/ap/MKSI
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