Entegris falls on weaker Q1 forecast, lower Q4 profit

Entegris

14/02/2023 15:46

** Shares of industrial material maker Entegris Inc  ENTG.O 
down 3% at $82.4 
    ** Co forecasts Q1 2023 adj profit to be between 50 cents
and 55 cents per share, lower than analysts' average
expectations of 78 cents per share - Refinitiv data
    ** Co expects Q1 revenue in range of $880 mln to $910 mln,
lower than analysts' estimate of $913.5 mln  urn:newsml:reuters.com:*:nBw6rTktGa
    ** Q4 net income falls ~51% to $57.4 mln from last year,
including amortization of $53.5 mln
    ** So far this year, shares gain ~30%
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))