Entegris Inc. Q1 Profit Increases, But Misses Estimates

Entegris Inc. (ENTG) reported earnings for its first quarter that increased from last year but missed the Street estimates.

The company's earnings totaled $62.9 million, or $0.41 per share. This compares with $45.3 million, or $0.30 per share, last year.

Excluding items, Entegris Inc. reported adjusted earnings of $101.5 million or $0.67 per share for the period.

Analysts on average had expected the company to earn $0.68 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 0.3% to $773.2 million from $771.0 million last year.

Entegris Inc. earnings at a glance (GAAP) :

-Earnings: $62.9 Mln. vs. $45.3 Mln. last year.
-EPS: $0.41 vs. $0.30 last year.
-Revenue: $773.2 Mln vs. $771.0 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.60 - $0.67
Next quarter revenue guidance: $735 - $775 Mln

by RTTNews Staff Writer

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