MKS Instruments, Inc. (MKSI) Tops Q2 EPS by 12c; Issues Confident Q3 Outlook

MKS Instruments, Inc. (NASDAQ: MKSI) reported Q2 EPS of $0.40, $0.12 better than the analyst estimate of $0.28. Revenue for the quarter came in at $185 million versus the consensus estimate of $171 million.

Gerald Colella, Chief Executive Officer and President, said, "I am extremely pleased with our financial performance in the second quarter, with sales above guidance primarily due to better than anticipated demand in the semiconductor market, as well as continued growth into other advanced markets, which grew for the third consecutive quarter. We have favorable exposure to today's technology inflection points, especially those weighted to etch and deposition process steps, and we believe we will gain an increasing share of the incremental capital required to support these technology changes. We also have strong, high-level programs and relationships to support semiconductor device makers globally. As a result, we believe we are well positioned to benefit both from shifts as well as increases in capital equipment spending.

MKS Instruments, Inc. sees Q3 2014 EPS of $0.28-$0.42, versus the consensus of $0.31. MKS Instruments, Inc. sees Q3 2014 revenue of $170-190 million, versus the consensus of $174.23 million.

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

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• Lennar Corp. (LEN) Misses Q2 EPS by 1c
• Independent Bank receives regulatory approval for HCB Financial acquisition