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Chip Gear Firm Entegris Beats Earnings Target But Sales Light

Semiconductor equipment supplier Entegris (ENTG) on Tuesday beat analyst estimates for earnings in the third quarter but came up short on sales. ENTG stock had been in record high territory ahead of the company’s earnings report.




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The Billerica, Mass.-based company earned an adjusted 92 cents a share on sales of $579 million in the September quarter. Analysts expected Entegris earnings of 87 cents a share on sales of $584 million, according to FactSet. In the year-earlier period, Entegris earned 67 cents a share on sales of $481 million.

In premarket trading on the stock market today, ENTG stock was not yet active. During the regular session Monday, ENTG stock dipped 0.8% to close at 136.13.

On Sept. 14, ENTG stock broke out of a flat base at a buy point of 126.51, according to IBD MarketSmith charts. Entegris was the IBD Stock Of The Day on Sept. 10. It notched a record high of 138.70 on Friday.

ENTG Stock Ranks Second In Group

Earnings report details to follow.

ENTG stock ranks second out of 32 stocks in IBD’s semiconductor equipment industry group, according to IBD Stock Checkup. It has an IBD Composite Rating of 96 out of 99. The Composite Rating scores a stock’s key growth metrics against all other stocks regardless of industry group.

Entegris stock is in the IBD Long-Term Leaders Portfolio.

Entegris makes high purity materials and processes for the semiconductor industry and other tech fields, including life sciences.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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