Entegris Posts Lower Q2 Profit - Quick Facts

(RTTNews) - Entegris, Inc., (ENTG), a producer of products and materials for the microelectronics and other high-technology industries, Tuesday reported lower profit for the second quarter, on lower revenues. However, earnings per share exceeded the Street estimates. The company also provided outlook for the third quarter.

For the three-month period, the company reported net income of $19.7 million or $0.14 per share, compared with $21.6 million or $0.16 per share during the same quarter last year. Excluding items, earnings per share were $0.15 during the second quarter.

On average, ten analysts polled by Thomson Reuters expected earnings per share of $0.11 for the quarter. Analysts' estimates typically exclude one-time items. The company reported net sales of $177.5 million, a 6 percent decrease from $188.2 million during the corresponding period last year. Analysts estimated the firm to report revenues of $169.73 million.

For the third quarter, the company expects sales to be about $165 million to $180 million, and earnings per share to range between $0.10 and $0.13. Adjusting for expected amortization expense, earnings per share are expected to be between $0.11 and $0. Analysts expect the company to report earnings of $0.16 per share on revenues of $187.88 million.