MKS Instruments Q1 Profit Rises - Quick Facts

(RTTNews) - MKS Instruments, Inc. (MKSI), a global provider of technologies that enable advanced processes and improve productivity; reported first-quarter net income of $33.8 million or $0.63 per share, compared to $31.2 million or $0.58 per share, prior year. Adjusted earnings per share was $0.66, for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.53 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $213.84 million from $206.35 million last year. Analysts expected revenue of $205.53 million for the quarter.

The company anticipates that sales in the second quarter may range from $200 million to $220 million, and at these volumes, non-GAAP net earnings could range from $0.53 to $0.66 per share and GAAP net income could range from $0.54 to $0.67 per share. Analysts expect the company to report second-quarter earnings per share of $0.56 on revenue of $212.41 million.