Plus   Neg

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.

Next quarter EPS guidance: $0.69 to $1.02

For comments and feedback contact: editorial@rttnews.com

Follow RTT