Entegris (ENTG) Tops Q3 EPS by 4c; Approves $100M Common Stock Buyback

Entegris (NASDAQ: ENTG) reported Q3 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $266.8 million versus the consensus estimate of $233.86 million.

Share BuyBack Authorization Announced

Entegris announced that the Company’s Board of Directors has authorized the repurchase of up to $100 million of its common stock. The purchases will occur in open market transactions from time to time depending on market conditions or in accordance with a repurchase plan under SEC Rule 10b5-1.

This authorization does not obligate the Company to repurchase any dollar amount or number of shares of common stock. This authorization is in effect until February 2017 and may be suspended or discontinued at any time.

GUIDANCE:

Entegris sees Q4 2015 EPS of $0.13-$0.17, versus the consensus of $0.17. Entegris sees Q4 2015 revenue of $250-265 million, versus the consensus of $254.7 million.

For earnings history and earnings-related data on Entegris (ENTG) click here.

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