Markets MKSI

MKS Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - MKS Inc. (MKSI) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's bottom line totaled $74 million, or $1.10 per share. This compares with $62 million, or $0.92 per share, last year.

Excluding items, MKS Inc. reported adjusted earnings of $130 million or $1.93 per share for the period.

Analysts on average had expected the company to earn $1.79 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.3% to $988 million from $896 million last year.

MKS Inc. earnings at a glance (GAAP) :

-Earnings: $74 Mln. vs. $62 Mln. last year. -EPS: $1.10 vs. $0.92 last year. -Revenue: $988 Mln vs. $896 Mln last year.

The company expects Q4 25 Revenue of $990 million, plus or minus $40 million and Non-GAAP eps of $2.27, plus or minus $0.34.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available