Entegris rises on Q1 results beat, upbeat Q2 forecast

Entegris

11/05/2023 14:02

** Shares of industrial material maker Entegris Inc 
 ENTG.O  up 6.32% at $83.05 premarket
    ** Posts Q1 net sales of $922.4 mln on an adj. profit of
$0.65/shr beating Street expectations of net sales of $892.67
mln on an adj. profit of $0.52/shr 
    ** Expects Q2 sales between $870 mln and $900 mln, while
analysts' expect it to be $871.55 mln - Refinitiv IBES  
    ** Sees Q2 adj. earnings between $0.53/shr and $0.58/shr, in
line with expectations of $0.56/shr 
    ** Nine of 12 brokerages rate the stock "buy" or higher, 3
on "hold"; their median PT is $95.00 - Refinitiv data
    ** As of last close, stock was up 19.09% YTD 

 (Reporting By Akshita Toshniwal in Bengaluru)
 ((Akshita.Toshniwal@thomsonreuters.com))