FormFactor Sees Q4 Adj EPS $0.25-0.33 vs $0.34 Est; Sees Sales $185.000M-195.000M
Portfolio Pulse from Benzinga Newsdesk
FormFactor (NASDAQ:FORM) has provided guidance for Q4 with adjusted EPS expected to be between $0.25 and $0.33, which is below the analyst estimate of $0.34. The company also anticipates sales to range from $185 million to $195 million.
October 30, 2024 | 8:57 pm
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NEGATIVE IMPACT
FormFactor's Q4 guidance indicates lower-than-expected EPS, which may negatively impact investor sentiment. Sales projections are also provided.
The guidance for Q4 EPS is below analyst expectations, which typically leads to a negative reaction in the stock market as it suggests potential underperformance. The sales forecast provides additional context but does not offset the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100