UPDATE 1-Entegris posts wider-than-expected Q3 loss
* Q3 loss $0.07/shr vs est loss $0.04/shr
* Q3 rev $110.7 mln vs est $104.0 mln
Oct 27 (Reuters) - Semiconductor subsystems maker Entegris Inc (ENTG.O) on Tuesday posted a wider-than-expected quarterly loss hurt by restructuring charges.
Entegris, which makes products to protect and transport materials used in making chips and disk drives, posted a net loss of $7.6 million, or 7 cents a share.
Third-quarter results included amortization of intangible assets of $4.7 million and restructuring charges of $2.4 million, said the Chaska, Minnesota-based company, which competes with Pall Corp (PLL.N) and Saint-Gobain (SGOB.PA) among others.
Quarterly sales of $110.7 million fell over 24 percent from the year-ago period, but beat Wall Street expectations. The company derives more than 70 percent of its revenue from outside the United States.
Analysts on average were expecting a loss of 4 cents, on revenue of $104.0 million, according to Thomson Reuters I/B/E/S.
The company's most significant customers include world's largest contract chipmaker Taiwan Semiconductor Manufacturing (2330.TW), top European computer chipmaker STMicroelectronics NV (STM.PA) and Dutch chip equipment maker ASML (ASML.AS) (ASML.O).
Shares of the company closed at $4.36 Monday on Nasdaq. (Reporting by Sudipto Ganguly in Bangalore; Editing by Ratul Ray Chaudhuri)
