MKS reports third-quarter sales

Technology provider MKS Instruments has revealed that sales for the third quarter of 2010 amounted to $221.3m (£140.2m) − up from $220.6m in the second quarter of 2010 and up 117 per cent from $102m in the third quarter of 2009.

Non-GAAP net earnings per share increased nine per cent. 

Non-GAAP net earnings, which exclude discontinued operations and special items, were $36.8m, or $0.72 per diluted share, compared with $33.4m, or $0.66 per diluted share, in the second quarter of 2010 and a net loss of $2m, or $0.04 per basic share, in the third quarter of 2009.

GAAP net income was $38.6m, or $0.76 per diluted share, compared with net income of $38.8m, or $0.76 per diluted share, in the second quarter of 2010 and a net loss of $4m, or $0.08 per basic share, in the third quarter of 2009.