Tuesday, semiconductor maker Entegris, Inc. (ENTG) reported a narrower loss for the third quarter, compared to the year-ago period due to higher sales and lower restructuring charges.
Entegris' loss from continuing operations narrowed to $7.6 million from a loss of $22.49 million in the year-ago period. On a per share basis, net loss was down to $0.07 from $0.20 in the prior-year period. Analysts polled by Thomson Reuters expected a loss of $0.04 for the quarter. Analysts' estimates typically exclude one-time items.
Sales increased to $110.7 million from $82.57 million in the year-ago period. Analysts expected revenues of $104.03 million.
Segement-wise, contamination control solutions sales increased to $65.64 million from $47.54 million;
micro-environments product sales increased to $32.44 million from $26.17 million and specialty materials sales increased to $12.61 million from $8.85 million in the year-ago period.
For the quarter, restructuring charges decreased to $2.36 million from $5.45 million in the year-ago period.
For the nine-month period, net loss narrowed to $67.84 million or $0.60 per share from $385.20 million $3.40 per share a year back. Net sales was down to $252.32 million from $441.96 million last year.
ENTG is currently trading at $4.05, down $0.31, on the Nasdaq.
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