** Shares of chip manufacturing supplier Entegris fall 4.3% to $102.63
** Stock hit a more than 11-month low of $94.92 earlier in the session
** Co posts Q3 revenue of $807.7 mln below estimates of $832.4 mln, according to data compiled by LSEG
** Reports Q3 adj EPS of 77 cents, slightly missing estimates of 78 cents
** CEO Bertrand Loy says 2024 is a transition year for the semiconductor industry; the market recovery is taking longer than anticipated, and 2024 continues to be a year of limited technology transitions
** Customers with significant exposure to AI applications are performing well, but the rest of the industry continues to be challenged - CEO
** Co expects Q4 sales between $810 mln and $840 mln
** Expects Q4 adj EPS in the range of 75 cents to 82 cents
** Avg rating of brokerages is a "buy"; median PT is $140 - LSEG data
** Including the session moves, stock down 14.3% YTD
(Reporting by Sukriti Gupta in Bengaluru)
((Sukriti.Gupta@thomsonreuters.com;))
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