Key Developments For MKS Instruments Inc
MKS Instruments Inc (MKSI.O) (Nasdaq)
MKS Instruments, Inc. Issues Q4 2009 Guidance In Line With Analysts' Estimates
MKS Instruments, Inc. announced that for the fourth quarter of 2009, it expects sales to be in the range of $120-$135 million, GAAP net income to be in the range of $0.06-$0.19 per share and Non-GAAP net earnings to be in the range of $0.04 to $0.11 per share (EPS). According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.09 on revenues of $122 million for the fourth quarter of 2009.
MKS Instruments, Inc. Raises Q3 2009 Outlook; Comments On Q3 2009 Net Profit Outlook
MKS Instruments, Inc. raised its third quarter of 2009 outlook and expects revenue to range from $105-$107 million, and surpassing the Company's high end outlook of $92 million, expects to return to profitability on a non-GAAP basis and expects non-GAAP net income per diluted share (EPS) of approximately $0.02-$0.04, compared to its original outlook of a net loss per basic share of $0.18-$0.07 and GAAP net loss per basic share, which includes the effect of a lower effective income tax benefit, to be approximately $0.14-$0.11. According to Reuters Estimates, analysts were expecting the Company to report revenues of $88 million and non-GAAP loss per share of $0.10 for the same period.
MKS Instruments, Inc. Issues Q3 2009 Guidance Above Analysts' Estimates-Conference Call
MKS Instruments, Inc. announced that for third quarter of 2009, it expects sales to be in the range from $77-$92 million, GAAP and non-GAAP net loss to be in the range from $0.18-$0.07 per share (EPS). According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $75 million and EPS of $(0.26) for the same period.
MKS Instruments, Inc. Announces Reduction Of 24% Worldwide Headcount During Quarter
MKS Instruments, Inc. announced that it took additional actions to reduce costs and headcount during the quarter. The Company has implemented restructuring and reductions in workforce of approximately 630 people during the quarter, representing approximately 24% of worldwide headcount. The reductions were done with consideration to both ability to grow in diverse markets, and to respond to the demand and innovation requirements from customers when the economy begins to recover.
MKS Instruments, Inc. Revises Q1 2009 Outlook Below Analysts' Estimates
MKS Instruments, Inc. announced that for the first quarter of 2009, it expects revenue and non-GAAP net loss to be near the low end of its guidance. The Company also expects its GAAP net loss to be below the low end of the guidance primarily as a result of charges associated with reductions in workforce and special charges incurred in the quarter. The Company now expects that revenues to range from $74 million to $76 million, at the low end of its original guidance of $75 million, and expects a non-GAAP net loss of ($0.41) to ($0.38) per basic share, also at the low end of its original guidance of ($0.40) per basic share. The Company will take special charges during the quarter ranging from $6.0 million to $7.5 million, net of tax, or $0.12 to $0.15 per basic share. As a result, the Company expects the GAAP results to be a net loss of ($0.57) to ($0.54) per basic share, as compared to previously announced guidance of a GAAP net loss of ($0.46) to ($0.31) per basic share. According to Reuters Estimates, analysts were expecting the Company to report EPS of $(0.32) on revenue of $83 million for the same period.
