ANDOVER, Mass. (AP) _ MKS Instruments Inc. (MKSI) on Wednesday reported fourth-quarter profit of $115.6 million.

On a per-share basis, the Andover, Massachusetts-based company said it had net income of $2.08. Earnings, adjusted for one-time gains and costs, came to $2.34 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.

The maker of analysis and processing equipment for semiconductor companies posted revenue of $660.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $605.2 million.

For the year, the company reported profit of $350.1 million, or $6.33 per share. Revenue was reported as $2.33 billion.

For the current quarter ending in April, MKS Instruments expects its per-share earnings to range from $1.96 to $2.36.

The company said it expects revenue in the range of $625 million to $675 million for the fiscal first quarter.

MKS Instruments shares have increased 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $165.53, a climb of 52% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKSI at https://www.zacks.com/ap/MKSI

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News