MKS revises fourth-quarter guidance

MKS Instruments Inc. lowered its fourth quarter 2008 sales and earnings guidance because of declining demand for semiconductor capital equipment.

The Andover company is a global provider of technologies that enable advanced processes and improved productivity.

The company said it now expects sales of $118 million to $122 million versus previous guidance of $130 million to $140 million and a GAAP net loss per basic share of 23 cents to 20 cent versus net income per diluted share of 1 cent to 9 cents.

Chief executive and president Leo Berlinghieri said in a statement, "In the fourth quarter, we are seeing a sharper than expected decrease in orders from semiconductor OEMs as demand for capital equipment declines in a weaker global economy."

To read the company's full press release, please click here.
(By Chris Reidy, Globe staff)