UPDATE 1-MKS Instruments Q3 profit beats Wall Street

* Q3 adj. EPS $0.72 vs est. $0.69

* Q3 rev $221.3 mln vs est. $223.8 mln

* Sees Q4 adj. EPS $0.62-$0.73 vs est. $0.66

* Sees Q4 rev $215-$230 mln vs est. $222.4 mln

Oct 20 (BestGrowthStock) – MKS Instruments Inc (MKSI.O: ) posted
better-than-expected quarterly earnings, as revenue more than
doubled, slightly easing concerns about small-cap chip-gear
makers facing pressure from reduced PC demand.

The company, which competes with Advanced Energy Industries
Inc (AEIS.O: ), forecast fourth-quarter earnings of 62-73 cents
per share.

Analysts on average were expecting earnings of 66 cents per
share, according to Thomson Reuters I/B/E/S.

Separately, MKS, which supplies gas measurement, control
and analysis products to make chips, said it received a $20
million contract from a Chinese solar cell maker.

The company expects shipments to begin by late December and
continue into early 2011. [ID:nASA00UV4]

For the third quarter, the company earned $38.6 million, or
76 cents a share, compared with a loss of $4 million, or 8
cents a share, a year ago.

Excluding items, it earned 72 cents a share, higher than
analysts’ average expectations of 69 cents.

Revenue was $221.3 million, against estimates of $223.8
million. [ID:nASA00UV5]

Also on Wednesday, fellow chip-gear maker Lam Research Corp
(LRCX.O: ) posted better-than-expected quarterly results, helped
by strong growth in shipments and market-share gains in its
etch-and-clean product markets. [ID:nSGE69I0K9]

Shares of the company closed at $19.42 Wednesday on Nasdaq.
They have fallen 2 percent since MKS reported second-quarter
results on July 21.
(Reporting by Siddharth Cavale in Bangalore; Editing by
Unnikrishnan Nair)

UPDATE 1-MKS Instruments Q3 profit beats Wall Street