MKS Instruments Inc. Q4 adjusted earnings Beat Estimates

MKS Instruments Inc. (MKSI) reported earnings for fourth quarter that declined from the same period last year.

The company's earnings came in at $72 million, or $1.32 per share. This compares with $78 million, or $1.41 per share, in last year's fourth quarter.

Excluding items, MKS Instruments Inc. reported adjusted earnings of $84 million or $1.54 per share for the period.

Analysts had expected the company to earn $1.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.0% to $461 million from $512 million last year.

MKS Instruments Inc. earnings at a glance:

-Earnings (Q4): $84 Mln. vs. $95 Mln. last year.
-EPS (Q4): $1.54 vs. $1.71 last year.
-Analysts Estimate: $1.51
-Revenue (Q4): $461 Mln vs. $512 Mln last year.

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