Stock Track | MKS Instruments Soars 14% on Stellar Q3 Earnings and Upbeat Outlook

Stock Track

Nov 08, 2024

Shares of MKS Instruments (NASDAQ: MKSI) 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.

For the third quarter of 2024, MKS Instruments reported non-GAAP earnings per share of $1.72, up 17.9% year-over-year and exceeding analysts' consensus estimate of $1.45. Revenue came in at $896 million, down 3.9% from the prior year but exceeding consensus expectations of $874.7 million.

The company's Semiconductor Systems segment, which provides advanced plasma and reactive gas products used in the manufacturing of logic and memory chips, saw revenue growth of 3% year-over-year to $378 million, driven by strong demand. "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.

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Revenue came in at $896 million, down 3.9% from the prior year but exceeding consensus expectations of $874.7 million.</p>\n\n<p>The company's Semiconductor Systems segment, which provides advanced plasma and reactive gas products used in the manufacturing of logic and memory chips, saw revenue growth of 3% year-over-year to $378 million, driven by strong demand. \"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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MKSI","symbol_name":"MKS仪器","start_time":0,"source_url":"","article_id":"1186172596","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186172596","pubTimestamp":1731036522,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of MKS Instruments  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.For the third quarter of 2024, MKS Instruments reported non-GAAP earnings per share of $1.72, up 17.9% year-over-year and exceeding analysts' consensus estimate of $1.45. Revenue came in at $896 million, down 3.9% from the prior year but exceeding consensus exp","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MKSI":"MKS仪器"},"translate_title":"股票跟踪MKS Instruments因出色的第三季度盈利和乐观的前景而飙升14%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MKSI":1},"content_text":"Shares of MKS Instruments (NASDAQ: MKSI) 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.\nFor the third quarter of 2024, MKS Instruments reported non-GAAP earnings per share of $1.72, up 17.9% year-over-year and exceeding analysts' consensus estimate of $1.45. 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