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MKS Instruments Inc. Q1 adjusted earnings Beat Estimates

MKS Instruments Inc. (MKSI) released earnings for first quarter that declined from last year.

The company's earnings totaled $12.5 million, or $0.23 per share. This compares with $105.12 million, or $1.90 per share, in last year's first quarter.

Excluding items, MKS Instruments Inc. reported adjusted earnings of $61.3 million or $1.12 per share for the period.

Analysts had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 16.4% to $463.6 million from $554.28 million last year.

MKS Instruments Inc. earnings at a glance:

-Earnings (Q1): $61.3 Mln. vs. $114.29 Mln. last year.
-EPS (Q1): $1.12 vs. $2.07 last year.
-Analysts Estimate: $1.07
-Revenue (Q1): $463.6 Mln vs. $554.28 Mln last year.

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