MKS Instruments (MKSI) Tops Q1 EPS by 19c, Guides Q2 EPS/Rev Above Estimates

MKS Instruments (NASDAQ: MKSI) reported Q1 EPS of $1.27, $0.19 better than the analyst estimate of $1.08. Revenue for the quarter came in at $437 million versus the consensus estimate of $411.56 million.

Second Quarter 2017 Outlook

Based on current business levels, the Company expects that revenue in the second quarter of 2017 may range from $440 to $480 million.

At these volumes, and including the gain on the sale of the Data Analytics Solutions Business Unit, GAAP net income could range from $2.12 to $2.37 per diluted share and non-GAAP net earnings could range from $1.26 to $1.50 per diluted share.

Primarily as a result of the sale of the Data Analytics Solutions Business Unit, GAAP net income in the second quarter is expected to be significantly higher than non-GAAP net earnings.

GUIDANCE:

MKS Instruments sees Q2 2017 EPS of $1.26-$1.50, versus the consensus of $1.10. MKS Instruments sees Q2 2017 revenue of $440-480 million, versus the consensus of $409.94 million.

For earnings history and earnings-related data on MKS Instruments (MKSI) click here.

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