MKS Instruments Inc. (MKSI) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $52 million, or $0.77 per share. This compares with $15 million, or $0.22 per share, last year.
Excluding items, MKS Instruments Inc. reported adjusted earnings of $116 million or $1.71 per share for the period.
Analysts on average had expected the company to earn $1.45 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.8% to $936 million from $868 million last year.
MKS Instruments Inc. earnings at a glance (GAAP) :
-Earnings: $52 Mln. vs. $15 Mln. last year.-EPS: $0.77 vs. $0.22 last year.-Revenue: $936 Mln vs. $868 Mln last year.
-Guidance:Next quarter EPS guidance: $1.28 - $1.84Next quarter revenue guidance: $885 - $965 Mln
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