MKS Instruments Inc. (NASDAQ:MKSI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
MKS Instruments Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 12.5% to $0.14 in the quarter versus EPS of $0.16 in the year-earlier quarter.
Revenue: Decreased 11.5% to $157 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MKS Instruments Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.27. It missed the average revenue estimate of $171.76 million.
Quoting Management: Leo Berlinghieri, Chief Executive Officer, said, “The tone at the recent Semicon West tradeshow was positive regarding long-term demand in the semiconductor market, and reports are projecting that we could continue to see modest growth as the year progresses. As the global economy continues to stabilize and grow, we are optimistic about the opportunities for MKS in both semiconductor and the other advanced markets we serve.”
Key Stats (on next page)…