MKS Instruments Shares Up 4% on Strong Q4 Results

MKS Instruments (NASDAQ:MKSI) shares gained more than 5% on Tuesday after the company reported its Q4 results, with EPS of $2.00 coming in better than the Street estimate of $1.34. Revenue was $1.09 billion, beating the Street estimate of $994.01 million.

While the company did not provide much color on the demand dynamics observed through the quarter, management attributed the beat to solid operational execution, with both revenue and profitability exceeding the midpoint of guidance ranges.

By end market, Semis revenue was $503 million, Advanced Electronics revenue was $267 million, and Specialty Industrial revenue was $316 million.