ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — MKS Instruments Inc. (MKSI) on Wednesday reported second-quarter earnings of $23 million.
On a per-share basis, the Andover, Massachusetts-based company said it had profit of 33 cents. Earnings, adjusted for one-time gains and costs, were $1.53 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $887 million in the period.
For the current quarter ending in September, MKS Instruments expects its per-share earnings to range from $1.15 to $1.71.
The company said it expects revenue in the range of $830 million to $910 million for the fiscal third quarter.
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