MKS Instruments (MKSI) Reports In-Line Q2 EPS

MKS Instruments (NASDAQ: MKSI) reported Q2 EPS of $1.41, in-line with the analyst estimate of $1.41. Revenue for the quarter came in at $481 million versus the consensus estimate of $464.9 million.

GUIDANCE:

MKS Instruments sees Q3 2017 EPS of $1.32-$1.56. MKS Instruments sees Q3 2017 revenue of $450-490 million.

“We are very pleased with our continued progress in 2017 in achieving our objective of sustainable and profitable growth,” said Gerald Colella, Chief Executive Officer and President. Mr. Colella added, “This quarter, we set new records for quarterly revenue and Non-GAAP net earnings and our focus on integrating the Newport Corporation acquisition into our organization has produced both excellent results and new growth opportunities. We achieved our initial cost synergies ahead of plan, while also substantially improving the revenue growth profile and profitability of the Light and Motion Division.”

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

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