Ultra Clean Hldgs Q1 2024 Adj EPS $0.27 Beats $0.13 Estimate, Sales $477.700M Beat $454.848M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ultra Clean Holdings (UCTT) reported Q1 2024 adjusted EPS of $0.27, surpassing the $0.13 estimate, with sales of $477.7M also beating the $454.848M estimate. This represents a significant increase in both earnings and sales compared to the same period last year.
May 06, 2024 | 8:20 pm
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POSITIVE IMPACT
Ultra Clean Holdings reported a strong Q1 2024 performance with earnings and sales exceeding analyst expectations, indicating robust growth.
The significant beat on both earnings per share (EPS) and sales compared to analyst estimates, along with year-over-year growth, suggests a positive short-term impact on UCTT's stock price. The company's ability to exceed expectations by a wide margin is likely to boost investor confidence and could lead to upward price momentum.
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IMPORTANCE 90
RELEVANCE 100