MKSI - MKS Instruments: Breaks Out Despite A Mixed Q4 Earnings
2024-02-13 04:01:17 ET
Summary
- The latest report beat estimates for the top and the bottom line, but it also included soft guidance and an outlook for a flattish FY2024.
- MKS Instruments stock dropped initially, but it turned around in order to break higher and in the process blew past a resistance level that had kept it contained.
- The stock has almost doubled in value and some problems have indeed been solved, but there are still issues in need of a solution.
- There is a case to be made for, but also against MKSI since both arguments have their merits worth taking into account.
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MKS Instruments: Breaks Out Despite A Mixed Q4 Earnings