MKS Instruments Projects Q4 Revenue of $1.49B and $5.00 EPS with New $500M Buyback Authorization
MKS Instruments (MKSI) reported strong third-quarter performance, exceeding the high end of its previous guidance for both revenue and earnings per share. CEO John Lee attributed this growth to sustained business momentum throughout the quarter. Looking ahead to the fourth quarter, the company issued optimistic financial guidance, projecting revenue of approximately $1.49 billion and earnings per share of $5.00. Additionally, MKS announced a new $500 million share repurchase program, signaling confidence in its long-term value and cash flow generation.
Tickers: $MKSI
Topics: eps beat management guidance revenue beat