Benzinga | Oct 27, 2020 04:43PM EDT

Recap: MKS Instruments Q3 Earnings

Shares of MKS Instruments (NASDAQ:MKSI) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 72.32% year over year to $1.93, which beat the estimate of $1.77.

Revenue of $589,800,000 higher by 27.54% year over year, which beat the estimate of $561,290,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $129.97

Company's 52-week low was at $66.87

Price action over last quarter: down 13.24%

Company Overview

MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: vacuum and analysis, light and motion, and equipment and solutions. The vacuum and analysis segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.