MKS Instruments Sees Q1 Revenue Of $840M, Plus Or Minus $40M, Est $852.31M; Adj EPS Of $0.72, Plus Or Minus $0.25, Est $0.81
Portfolio Pulse from Benzinga Newsdesk
MKS Instruments projects its Q1 revenue to be around $840M, with a possible variation of $40M, falling short of the estimated $852.31M. The company also forecasts an adjusted EPS of $0.72, with a possible variation of $0.25, which is below the estimated $0.81.
February 07, 2024 | 10:35 pm
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MKS Instruments projects lower-than-expected Q1 revenue and adjusted EPS, indicating potential short-term negative impact on its stock price.
The company's projection of lower-than-expected revenue and adjusted EPS for Q1 suggests that MKS Instruments may not meet market expectations, which could lead to a negative reaction in its stock price in the short term. Investors often react to earnings forecasts, especially when they fall short of analyst estimates, by adjusting their investment positions, which can result in stock price movements.
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