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Technology Stocks : Semi Equipment Analysis
SOXX 306.040.0%Dec 26 4:00 PM EST
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To: Return to Sender who wrote (90514)8/2/2023 4:57:09 PM
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MKS Instruments beats by $0.15, beats on revs; guides Q3 EPS in-line, revs in-line
4:46 PM ET 8/2/23 | Briefing.com

Reports Q2 (Jun) earnings of $1.32 per share, excluding non-recurring items, $0.15 better than the FactSet Consensus of $1.17; revenues rose 31.1% year/year to $1 bln vs the $0.98 bln FactSet Consensus."Near-term, we continue to expect MKS' total revenue in the second half of the year to be slightly higher than first half levels, driven by modest improvements across all three of our end markets. We also expect cash flow to normalize in the third quarter and look forward to making steady progress in de-levering the balance sheet."Co issues in-line guidance for Q3, sees EPS of $0.69-1.27, excluding non-recurring items, vs. $0.81 FactSet Consensus; sees Q3 revs of $880-980 mln vs. $919.62 mln FactSet Consensus.

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