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MKS Instruments: Q1 Earnings Snapshot

MKS Instruments: Q1 Earnings Snapshot
April 26, 2021
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ANDOVER, Mass. (AP) _ MKS Instruments Inc. (MKSI) on Monday reported first-quarter profit of $122.3 million.
On a per-share basis, the Andover, Massachusetts-based company said it had profit of $2.20. Earnings, adjusted for non-recurring costs, came to $2.56 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $693.9 million in the period.
For the current quarter ending in July, MKS Instruments expects its per-share earnings to range from $2.66 to $3.18.

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