Entegris: 4Q Earnings Snapshot
BILLERICA, Mass. (AP) _ Entegris Inc. (ENTG) on Tuesday reported fourth-quarter net income of $80.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Billerica, Massachusetts-based company said it had profit of 57 cents. Earnings, adjusted for one-time gains and costs, came to 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The maker of equipment used in chip manufacturing posted revenue of $401.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $392.7 million.
For the year, the company reported profit of $240.8 million, or $1.69 per share. Revenue was reported as $1.55 billion.
Entegris shares have risen 21 percent since the beginning of the year. The stock has risen 4 percent in the last 12 months.