MKS Instruments: Q3 Earnings Snapshot

MKSI

ANDOVER, Mass. (AP) _ MKS Instruments Inc. (MKSI) on Wednesday reported third-quarter profit of $132.4 million.

The Andover, Massachusetts-based company said it had net income of $2.38 per share. Earnings, adjusted for non-recurring costs, came to $2.79 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.75 per share.

The maker of analysis and processing equipment for semiconductor companies posted revenue of $741.9 million in the period.

For the current quarter ending in December, MKS Instruments expects its per-share earnings to range from $2.59 to $3.11.

The company said it expects revenue in the range of $730 million to $790 million for the fiscal fourth quarter.

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

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