MKS Instruments (MKSI) Q2 Earnings Top Estimates, Revenues Down

MKS Instruments (MKSI) reported adjusted earnings of $1.53 per share in second-quarter 2024, up from the year-ago quarter's earnings of$ 1.32 per share. The figure beat the Zacks Consensus Estimate by 50%. Revenues of $887 million beat the consensus mark by 2.73% but declined 11.6% year over year. Products revenues (86.8% of total revenues) were$ 770 million, down 13% year over year. Services revenues (13.2% of total revenues) dropped 0.8% year over year to $117 million. Quarterly Update Revenues from the S ...