MKS Instruments Q2 2024 Adj. EPS $1.53 Beats $1.07 Estimate, Sales $887.000M Beat $866.381M Estimate
Portfolio Pulse from Benzinga Newsdesk
MKS Instruments (NASDAQ:MKSI) reported Q2 2024 adjusted EPS of $1.53, beating the estimate of $1.07 by 42.99%. Sales were $887 million, surpassing the $866.381 million estimate. EPS increased by 15.91% year-over-year, while sales decreased by 11.57%.
August 07, 2024 | 8:33 pm
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MKS Instruments reported strong Q2 2024 earnings with an adjusted EPS of $1.53, beating estimates by 42.99%. Sales also exceeded expectations at $887 million. Despite a year-over-year sales decline, the significant EPS beat is likely to positively impact the stock price in the short term.
The significant beat on both EPS and sales estimates, along with a notable year-over-year increase in EPS, suggests strong financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100