ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — MKS Instruments Inc. (MKSI) on Wednesday reported third-quarter profit of $62 million.
The Andover, Massachusetts-based company said it had profit of 92 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.72 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $896 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $873.1 million.
For the current quarter ending in December, MKS Instruments expects its per-share earnings to range from $1.63 to $2.27.
The company said it expects revenue in the range of $870 million to $950 million for the fiscal fourth 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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