FormFactor Sees Q4 GAAP EPS $0.12-0.20 vs $0.19 Est; Sees Sales $185.000M-195.000M vs $199.60M Est
Portfolio Pulse from Benzinga Newsdesk
FormFactor has provided guidance for Q4 with expected GAAP EPS between $0.12 and $0.20, which is below the analyst estimate of $0.19. The company also anticipates sales between $185 million and $195 million, falling short of the $199.60 million estimate.
October 30, 2024 | 8:57 pm
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FormFactor's Q4 guidance indicates lower-than-expected earnings and sales, which may negatively impact investor sentiment and the stock price in the short term.
The company's guidance for both EPS and sales is below analyst expectations, which typically leads to negative investor sentiment and potential short-term stock price decline. The relevance is high as the news directly pertains to FormFactor's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100