Entegris (NASDAQ:ENTG), a manufacturer of equipment for the semiconductor industry, announced on Monday that it generated $77.6 million in net income for the third quarter.
This translated to 51 cents per share in net income, or 77 cents per share when adjusted for non-recurring costs.
However, these results fell short of Wall Street’s forecasts.
Analysts surveyed by Zacks Investment Research had anticipated earnings of 79 cents per share.
In addition to missing earnings estimates, Entegris’ revenue for the quarter also came in lower than expected.
The company reported $807.7 million in revenue, while analysts projected $830.7 million.
Looking ahead, Entegris provided guidance for the fourth quarter ending in December, forecasting per-share earnings between 75 and 82 cents.
The company expects revenue in the range of $810 million to $840 million for the upcoming period.