MKS Instruments Q1 Profit Rises

(RTTNews) - MKS Instruments Inc. (MKSI) Wednesday reported first-quarter net income of $31.2 million or $0.58, up from $5.8 million or $0.11 per share last year.

Adjusted earnings for the quarter were $0.51 per share, up from $0.07 per share last year. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.42 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter surged 46 percent to $206.4 million from $141.6 million last year. Analysts estimated revenues of $198.17 million for the quarter.

Looking forward to the second quarter, the company expects earnings of $0.20 to $0.34 per share, adjusted earnings of $0.21 to $0.35 per share and revenues of $160 million to $180 million. Analysts currently estimate earnings of $0.39 per share on revenues of $192.35 million.