MKS Instruments Sees Q4 2023 Adj. EPS $0.85 +/- $0.27 Vs $1 Est.; Revenue $840M +/- $40M Vs $929.85M Est.
Portfolio Pulse from Benzinga Newsdesk
MKS Instruments has projected its Q4 2023 adjusted EPS to be $0.85 +/- $0.27, lower than the estimated $1. The company also expects its revenue to be $840M +/- $40M, which is less than the estimated $929.85M.
November 01, 2023 | 9:32 pm
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MKS Instruments' lower than expected Q4 2023 earnings and revenue projections may negatively impact its stock price in the short term.
Companies' stock prices often react to their earnings and revenue forecasts. In this case, MKS Instruments' lower than expected projections for Q4 2023 may lead investors to sell their shares, potentially causing the stock price to drop in the short term.
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RELEVANCE 100