Advertisement

Entegris tops Street 4Q forecasts

Entegris beats 4Q profit and revenue expectations

BILLERICA, Mass. (AP) _ Entegris Inc. (ENTG) on Thursday reported fourth-quarter profit of $26.1 million.

On a per-share basis, the Billerica, Massachusetts-based company said it had profit of 18 cents. Earnings, adjusted for amortization costs, came to 24 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The maker of equipment used in chip manufacturing posted revenue of $308.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $282.8 million.

For the year, the company reported profit of $97.1 million, or 68 cents per share. Revenue was reported as $1.18 billion.

Entegris shares have increased 5 percent since the beginning of the year. The stock has increased 65 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENTG at https://www.zacks.com/ap/ENTG

_____

Keywords: Entegris, Earnings Report