ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — MKS Instruments Inc. (MKSI) on Wednesday reported fourth-quarter profit of $90 million.
On a per-share basis, the Andover, Massachusetts-based company said it had net income of $1.33. Earnings, adjusted for one-time gains and costs, came to $2.15 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $935 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $910.6 million.
For the year, the company reported profit of $190 million, or $2.81 per share. Revenue was reported as $3.59 billion.
For the current quarter ending in March, MKS Instruments expects its per-share earnings to range from $1.13 to $1.67.
The company said it expects revenue in the range of $870 million to $950 million for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKSI at https://www.zacks.com/ap/MKSI
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