Entegris More Than Doubles Profits, Beats Estimates (ENTG)

Billerica, Massachusetts-based Entegris, Inc. ENTG released financial results on Tuesday morning that beat Wall Street estimates. Entegris, Inc announced that its 4th quarter net income more than doubled to $27.0 million, or 20 cents per share, up from $10.1 million, or 8 cents per share, a year earlier. Excluding special items, the company reported earnings of 23 cents per share. Entegris, Inc reported revenue of $182.1 million, up 24% from $146.32 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 19 cents per share, on revenue of $179.58 million. Entegris, Inc. (ENTG) finished the previous trading day at $7.65 per share. The consensus price target of analysts covering the company's stock is $8.25 per share. Entegris, Inc provides a wide range of products for purifying, protecting and transporting critical materials used in processing and manufacturing in semiconductor and other high-tech industries. Read more from Benzinga's Company news.