MKS Instruments: 4Q Earnings Snapshot
ANDOVER, Mass. (AP) _ MKS Instruments Inc. (MKSI) on Tuesday reported fourth-quarter earnings of $71.6 million.
On a per-share basis, the Andover, Massachusetts-based company said it had profit of $1.32. Earnings, adjusted for one-time gains and costs, were $1.54 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $460.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $440.7 million.
For the year, the company reported profit of $392.9 million, or $7.14 per share. Revenue was reported as $2.08 billion.
For the current quarter ending in April, MKS Instruments expects its per-share earnings to range from 95 cents to $1.18.
The company said it expects revenue in the range of $400 million to $440 million for the fiscal first quarter.
MKS Instruments shares have climbed 21 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $78.09, a decrease of 24 percent in the last 12 months.