FormFactor Q2 Adj EPS $0.14 Beats $0.12 Estimate, Sales $155.92M Miss $162.05M Estimate
Portfolio Pulse from vinayak@benzinga.com
FormFactor reported Q2 earnings of $0.14 per share, beating the analyst consensus estimate of $0.12 by 16.67%. However, the company's quarterly sales of $155.92 million missed the analyst consensus estimate of $162.05 million by 3.79%. This represents a 69.57% decrease in earnings and a 23.54% decrease in sales compared to the same period last year.
August 04, 2023 | 12:09 pm
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NEUTRAL IMPACT
FormFactor's Q2 earnings exceeded expectations but sales fell short, indicating mixed performance.
FormFactor's earnings beat could potentially boost investor confidence, but the missed sales estimate and significant decrease compared to last year might offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100