By Connor Hart
Shares of Entegris fell after the company issued a weak outlook for the current quarter and logged slightly lower profit and sales in the third quarter.
The stock sank 10% to $84.99 in premarket trading Thursday. Through Wednesday's close, shares have risen 25% over the past three months, though they remain down nearly 12% over the past year.
The industrial-machinery technology company before the bell said it expects fourth-quarter earnings of 35 cents to 42 cents a share, or 62 cents to 69 cents a share on an adjusted basis. Sales are expected to come in between $790 million and $830 million.
Analysts surveyed by FactSet were expecting earnings of 44 cents a share and adjusted earnings of 76 cents a share. Sales are projected at $829.4 million.
The outlook came as Entegris posted a profit of $70.5 million, or 46 cents a share, for its three months ended Sept. 27, down from $77.5 million, or 51 cents a share, in last year's comparable period.
Stripping out certain one-time items, earnings were 72 cents a share, in line with analyst forecasts.
Sales were roughly flat at $807.1 million, just ahead of the $804.2 million that Wall Street modeled.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 30, 2025 09:06 ET (13:06 GMT)
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