Ultra Clean Holdings Expects Q3 Total Revenue To Be At Or Above Midpoint Of Previous Guided Range Of $405M-$455M Vs $429.97M Est.; Sees Non-GAAP EPS From $(0.19)-$0.04 To $0.04 Vs $0.15 Est.
Portfolio Pulse from Benzinga Newsdesk
Ultra Clean Holdings (UCTT) has announced that it expects its Q3 total revenue to be at or above the midpoint of its previously guided range. The company also expects its GAAP diluted net income loss per share to be between $(0.19)-$0.04, compared to the estimated $0.15.
October 23, 2023 | 12:35 pm
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Ultra Clean Holdings expects Q3 revenue to be at or above the midpoint of its previous guidance. However, it anticipates a GAAP diluted net income loss per share between $(0.19)-$0.04, compared to the estimated $0.15.
The news directly pertains to Ultra Clean Holdings' financial performance. The expected revenue meeting or exceeding the midpoint of previous guidance is positive. However, the anticipated GAAP diluted net income loss per share, which is worse than estimated, could negatively impact the stock price. Therefore, the overall short-term impact is neutral.
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