ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — MKS Inc. (MKSI) on Wednesday reported third-quarter profit of $74 million.
The Andover, Massachusetts-based company said it had profit of $1.10 per share. Earnings, adjusted for one-time gains and costs, were $1.93 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $988 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $962 million.
For the current quarter ending in December, MKS expects its per-share earnings to range from $1.93 to $2.61.
The company said it expects revenue in the range of $950 million to $1.03 billion for the fiscal fourth quarter.
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