Stock Track | Ichor Holdings Soars 10% After Hours on Strong Q3 Earnings Beat

Stock Track

2024-11-05

Ichor Holdings Ltd. (NASDAQ: ICHR) shares surged 10.25% in after-hours trading on November 4, 2024, following the company's better-than-expected third-quarter earnings report.

The semiconductor equipment manufacturer reported adjusted earnings per share of $0.12, exceeding the consensus analyst estimate of $0.11. Revenue for the quarter reached $211.139 million, surpassing the analyst consensus of $203.275 million and representing a 7.31% year-over-year increase.

Ichor's strong financial performance was well-received by analysts, with Stifel Nicolaus maintaining a "Buy" rating on the stock. The firm's positive outlook on Ichor's prospects likely contributed to the after-hours rally.

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(NASDAQ: ICHR) shares surged 10.25% in after-hours trading on November 4, 2024, following the company's better-than-expected third-quarter earnings report.</p>\n\n<p>The semiconductor equipment manufacturer reported adjusted earnings per share of $0.12, exceeding the consensus analyst estimate of $0.11. Revenue for the quarter reached $211.139 million, surpassing the analyst consensus of $203.275 million and representing a 7.31% year-over-year increase.</p>\n\n<p>Ichor's strong financial performance was well-received by analysts, with Stifel Nicolaus maintaining a \"Buy\" rating on the stock. 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