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Third-Quarter Semiconductor Market Performance Drives MKS Instruments Past Projections

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ANDOVER, Mass., Oct. 27, 2020 — MKS Instruments reported quarterly consolidated revenue of $589.8 million, up 28% year over year and nearly $46 million from last quarter. The company reported non-GAAP net earnings per share (EPS) of $1.93 — a 72% increase from last year’s third quarter and 31 cents from last quarter. For the quarter, MKS reported a profit of just under $92 million, and $107 million (non-GAAP). The company’s reported GAAP EPS was $1.66, which represents a 33 cent increase from the previous quarter. “We delivered record quarterly revenue for MKS, led by record...Read full article

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