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MKS Instruments Inc. Q2 adjusted earnings Miss Estimates

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

The company's bottom line totaled $37.74 million, or $0.69 per share. This compares with $122.86 million, or $2.22 per share, in last year's second quarter.

Excluding items, MKS Instruments Inc. reported adjusted earnings of $59.86 million or $1.09 per share for the period.

Analysts had expected the company to earn $1.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.3% to $474.11 million from $573.14 million last year.

MKS Instruments Inc. earnings at a glance:

-Earnings (Q2): $59.86 Mln. vs. $128.81 Mln. last year.
-EPS (Q2): $1.09 vs. $2.33 last year.
-Analysts Estimate: $1.10
-Revenue (Q2): $474.11 Mln vs. $573.14 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.69 to $1.02

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