Shares of Ichor Holdings Ltd. (ICHR) surged over 9% in premarket trading on Monday, after the semiconductor equipment maker reported better-than-expected financial results for the third quarter of 2024.

For the quarter ended September 30, Ichor posted adjusted earnings of $0.12 per share, exceeding analysts' average estimate of $0.11 per share. The company's revenue rose 7.3% year-over-year to $211.14 million, beating Wall Street's expectations of $203.28 million.

The strong quarterly performance drove a rebound in Ichor's stock, which had declined nearly 15% over the previous quarter and 19.3% year-to-date. While the company reported a net loss of $2.78 million or $0.08 per share, its adjusted results reflected a notable improvement compared to the prior year's quarter.