BILLERICA, Mass. (AP) — BILLERICA, Mass. (AP) — Entegris Inc. (ENTG) on Thursday reported a loss of $88.2 million in its first quarter.
On a per-share basis, the Billerica, Massachusetts-based company said it had a loss of 59 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 65 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The maker of equipment used in chip manufacturing posted revenue of $922.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $889.9 million.
For the current quarter ending in June, Entegris expects its per-share earnings to range from 53 cents to 58 cents.
The company said it expects revenue in the range of $870 million to $900 million for the fiscal second quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ENTG">Zacks stock report on ENTG at https://www.zacks.com/ap/ENTG