Friday, March 22, 2013

Entegris Rallies; Q3 Edges Ests; Q4 Outlook Tops Street Views

Entegris (ENTG), a provider of materials handling equipment for the semiconductor industry, is trading higher this morning on better-than-expected Q3 results.

For the quarter, the company reported revenue of $178.2 million and non-GAAP profits of 18 cents a share, ahead of the Street at $172.1 million and 17 cents.

For Q4, the company sees revenue of $173 million to $183 million, and profits of 17-19 cents, ahead of the previous Street consensus at $170.2 million and 16 cents.

ENTG this morning is up 31 cents, or 6.1%, to $5.39.

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