Shares of Entegris (NASDAQ: ENTG), a supplier of advanced materials and process solutions for the semiconductor industry, plummeted 7.14% in pre-market trading on Wednesday. The sharp decline comes after the company reported disappointing first-quarter results and provided a weaker-than-expected outlook for the second quarter.
Entegris announced Q1 2025 adjusted earnings per share of $0.67, falling short of the analyst consensus estimate of $0.68. This represents a 1.47% decrease compared to the same period last year. The company's quarterly sales also missed the mark, coming in at $773.20 million, 2.12% below the expected $789.91 million. While this figure shows a marginal 0.28% increase year-over-year, it failed to meet market expectations.
Adding to investor concerns, Entegris provided guidance for the second quarter that appears to have disappointed the market. The company forecasts adjusted net income between $91 million and $102 million, with adjusted earnings per share ranging from $0.60 to $0.67. This outlook suggests potential headwinds in the near term, likely contributing to the negative sentiment surrounding the stock. The pre-market plunge reflects investors' immediate reaction to these results and the company's forward-looking statements, indicating a reassessment of Entegris' growth prospects in the current semiconductor market landscape.
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