Movement Alert｜MKS Instruments Falls 5.94% in Pre-Market Trading, Semiconductor Equipment Sector Broadly Weakens

Market Focus10-22

On October 22, MKS Instruments fell 5.94% in Pre-Market Trading, trading at $203.2 per share, with turnover of $134.4 thousand.

The immediate backdrop was broad weakness across the semiconductor equipment group rather than a company-specific announcement.

Peer pressure was evident across the sector: Lam Research fell 9.51%, Applied Materials fell 6.53%, ASML Holding NV fell 3.2%, KLA Corporation fell 5.77%, and Teradyne fell 6.51%. MKS Instruments is scheduled to report quarterly results on November 4. In its previous quarter, the company posted adjusted EPS of $3.30 and revenue of $1.248 billion, both above expectations, and guided next-quarter adjusted EPS to about $3.58 plus or minus $0.31 and revenue to about $1.35 billion plus or minus $40 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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