Stock Track | MKS Instruments Plunges 5.73% Pre-Market After Q4 Earnings Miss, Wells Fargo Maintains Hold Rating

Stock Track

Feb 18

MKS Instruments' stock plunged 5.73% in pre-market trading on Wednesday, extending losses from the previous session.

The decline follows the company's fourth-quarter earnings report, which revealed adjusted earnings per share of $1.58, significantly missing the analyst estimate of $2.45. While revenue beat expectations at $1,033 million, the profitability shortfall prompted investor selling.

Additionally, Wells Fargo maintained a Hold rating on MKS Instruments with a $210 price target in a report issued just before the pre-market session, contributing to the negative sentiment.

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