MKS Instruments (MKSI) stock surged over 14% in pre-market trading on November 7th, 2024, after the semiconductor equipment maker reported better-than-expected third-quarter results and provided an optimistic outlook for the current quarter.
The company reported Q3 non-GAAP earnings per share of $1.72, up 17.9% year-over-year and beating analysts' estimates of $1.45. Revenue came in at $896 million, down 3.9% from the prior year but exceeding consensus expectations of $874.7 million.
"While the overall demand environment remains muted, MKS Instruments is well-positioned for the expected market recovery due to its broad portfolio of market-leading solutions," said CEO John T.C. Lee, as quoted by Stock Track.
Following the strong results, analysts from Cantor Fitzgerald and Morgan Stanley reiterated their "Buy" ratings on MKSI, with Cantor Fitzgerald setting a price target of $1...
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。