MKS Instruments (MKSI) Beats On Q4 Earnings, Issues '18 View
Zacks Investment Research | Jan 31, 2018 08:54PM ET
Premium scientific & technical instruments company MKS Instruments, Inc. (NASDAQ:MKSI) reported better-than-expected fourth-quarter 2017 results.
The company noted that this stellar performance stemmed from the benefits accrued from its growth-oriented business investments and successful integration of Newport Corporation (acquired in April 2016).
Earnings
Quarterly adjusted earnings came in at $1.71 per share, handily outpacing the Zacks Consensus Estimate of $1.64. Also, the bottom line came in higher than the year-ago tally of $1.05 per share.
Adjusted earnings for 2017 came in at $5.96 per share, surpassing the Zacks Consensus Estimate of $5.87. In addition, the bottom line came in higher than $3.03 per share recorded in the prior-year period.
Revenues
Quarterly revenues of $511.8 million surpassed the Zacks Consensus Estimate of $500 million. The top line also came in 26.3% higher than the prior-year figure.
Sales of Products during the quarter came in at $463.9 million, up from the year-ago tally of $359.8 million. Sales of Services during the reported quarter totaled $47.9 million compared to $45.4 million recorded in the year-earlier period.
Revenues for 2017 were $1.92 billion, outpacing the Zacks Consensus Estimate of $1.90 billion. The top line surged 47.9% year over year. This upside was driven by elevated semiconductor and other advanced markets’ demand.
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