Ultra Clean Hldgs Q4 2023 Adj EPS $0.19 Beats $0.12 Estimate, Sales $444.80M Miss $444.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ultra Clean Holdings (UCTT) reported Q4 2023 adjusted EPS of $0.19, surpassing the $0.12 estimate, but its sales of $444.80M slightly missed the $444.84M estimate, marking a 21.47% decrease from the previous year.
February 21, 2024 | 9:08 pm
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NEUTRAL IMPACT
Ultra Clean Holdings reported a higher-than-expected Q4 EPS but slightly missed sales estimates, with a significant year-over-year sales decrease.
While the EPS beat could be seen as a positive signal, the slight miss in sales and the significant decrease compared to the previous year might temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the positive earnings against the sales performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100