05:32 PM EDT, 05/08/2024 (MT Newswires) -- MKS Instruments ( MKSI ) reported Q1 non-GAAP earnings late Wednesday of $1.18 per diluted share, up from $0.48 a year earlier.

Analysts polled by Capital IQ expected $0.74.

Net revenue for the quarter that ended March 31 was $868 million, up from $794 million a year earlier.

Analysts surveyed by Capital IQ expected $848.6 million.

The company expects Q2 non-GAAP diluted EPS between $0.67 and $1.19. Analysts polled by Capital IQ expect $0.83.

The company expects revenue for the quarter between $820 million and $900 million. Analysts surveyed by Capital IQ expect $859.3 million.

Shares of the company were 4.6% higher in after-hours activity.

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