Why Entegris Stock Popped Today

Shares of Entegris (NASDAQ: ENTG) have popped today, up by 10% as of 2:45 p.m. EDT, after the company reported second-quarter earnings. The results beat expectations and the tech industry supplier issued a rosy forecast for the third quarter.

Revenue in the second quarter increased 18% to $448.4 million, easily topping the consensus estimate of $417.4 million in sales. That resulted in adjusted earnings per share of $0.60, well above the $0.48 per share in adjusted profits that Well Street was modeling for.

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Source Fool.com