FormFactor Sees Q4 Adj. EPS $0.16-$0.24 vs $0.19 Est., Revenue $160M-$170M vs $173.25M Est.
Portfolio Pulse from Benzinga Newsdesk
FormFactor has projected its Q4 adjusted EPS to be between $0.16 and $0.24, which is lower than the estimated $0.19. The company also expects its revenue to be between $160M and $170M, falling short of the estimated $173.25M.
November 01, 2023 | 8:30 pm
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NEGATIVE IMPACT
FormFactor's lower than expected Q4 earnings and revenue projections may negatively impact its stock price in the short term.
FormFactor's projected Q4 earnings and revenue are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100