ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — MKS Instruments Inc. (MKSI) on Monday reported fourth-quarter net income of $54 million.
On a per-share basis, the Andover, Massachusetts-based company said it had net income of 81 cents. Earnings, adjusted for non-recurring costs, came to $2 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The maker of analysis and processing equipment for semiconductor companies posted revenue of $1.09 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $996.7 million.
For the year, the company reported profit of $333 million, or $5.56 per share. Revenue was reported as $3.55 billion.
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