Shares of MKS Instruments MKSI were flat in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 72.32% year over year to $1.93, which beat the estimate of $1.77.
Revenue of $589,800,000 higher by 27.54% year over year, which beat the estimate of $561,290,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Recent Stock Performance
52-week high: $129.97
Company's 52-week low was at $66.87
Price action over last quarter: down 13.24%
Company Overview
MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: vacuum and analysis, light and motion, and equipment and solutions. The vacuum and analysis segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.