CORRECTION: MKS Instruments Q4 Adj EPS $1.17 Beats $0.84 Estimate, Sales $893.00M Beat $844.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
MKS Instruments reported its Q4 adjusted earnings per share (EPS) at $1.17, surpassing the estimated $0.84. Sales for the same period reached $893.00M, also beating the forecast of $844.50M.
February 08, 2024 | 2:08 am
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MKS Instruments exceeded Q4 earnings and sales estimates, with an adjusted EPS of $1.17 and sales of $893M, against expectations.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. MKS Instruments' significant outperformance in Q4 is likely to boost investor confidence and potentially drive up its stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100