FormFactor Q3 Adj $0.22 Beats $0.17 Estimate, Sales $171.60M Beat $167.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
FormFactor (NASDAQ:FORM) reported Q3 earnings of $0.22 per share, beating the analyst consensus estimate of $0.17 by 29.41%. However, this is an 8.33% decrease from the same period last year. The company also reported quarterly sales of $171.60 million, beating the estimate of $167.02 million by 2.74%, but this is a 5.12% decrease from last year.
November 01, 2023 | 8:29 pm
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FormFactor's Q3 earnings and sales beat estimates but decreased from last year. This mixed result may lead to uncertain market reactions.
FormFactor's earnings and sales beat estimates, which is generally positive for the stock. However, the year-on-year decreases in both earnings and sales may concern investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100