04:51 PM EDT, 08/07/2024 (MT Newswires) -- MKS Instruments ( MKSI ) reported Q2 non-GAAP earnings late Wednesday of $1.53 per diluted share, up from $1.32 a year earlier.

Analysts polled by Capital IQ expected $1.04.

Net revenue for the quarter that ended June 30 was $887 million, down from $1 billion a year earlier.

Analysts surveyed by Capital IQ expected $866 million.

The company expects Q3 non-GAAP diluted EPS between $1.15 and $1.71. Analysts polled by Capital IQ expect $1.33.

The company expects revenue for the quarter between $830 million and $910 million. Analysts surveyed by Capital IQ expect $893.2 million.

Shares of the company were 3.4% higher in after-hours activity.

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