AP NEWS

Versum Materials: Fiscal 3Q Earnings Snapshot

August 7, 2018

TEMPE, Ariz. (AP) _ Versum Materials Inc. (VSM) on Tuesday reported fiscal third-quarter earnings of $63.3 million.

The Tempe, Arizona-based company said it had net income of 58 cents per share. Earnings, adjusted for restructuring costs, were 63 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The supplier of specialty materials to the semiconductor industry posted revenue of $350 million in the period.

Versum Materials expects full-year revenue in the range of $1.33 billion to $1.36 billion.

Versum Materials shares have climbed nearly 3 percent since the beginning of the year. The stock has increased 9 percent 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 VSM at https://www.zacks.com/ap/VSM

AP RADIO
Update hourly