MKS Instruments Q1 2024 Adj EPS $1.18 Beats $0.75 Estimate, Sales $868.000M Beat $848.941M Estimate
Portfolio Pulse from Benzinga Newsdesk
MKS Instruments (NASDAQ:MKSI) reported Q1 2024 earnings of $1.18 per share, surpassing the $0.75 estimate, a 145.83% increase from last year. Sales reached $868M, beating the $848.941M estimate, marking a 9.32% increase from the previous year.
May 08, 2024 | 8:50 pm
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MKS Instruments reported a significant beat on both earnings and sales estimates for Q1 2024, with EPS at $1.18 against a $0.75 estimate and sales of $868M against an $848.941M estimate.
The substantial beat on both earnings per share and sales estimates for Q1 2024 indicates strong financial health and operational efficiency. This performance, significantly exceeding analyst expectations, is likely to instill investor confidence and could lead to a positive short-term price movement for MKSI stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100