* FormFactor Inc reported quarterly adjusted earnings of 35 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of ten analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 31 cents to 33 cents per share.
* Revenue rose 21.2% to $207.92 million from a year ago; analysts expected $200.29 million.
* FormFactor Inc's reported EPS for the quarter was 24 cents.
* The company reported quarterly net income of $18.74 million.
* FormFactor Inc shares had fallen by 1.8% this quarter and gained 8.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the semiconductor equipment & testing peer group is "hold."
Wall Street's median 12-month price target for FormFactor Inc is 60.00 This summary was machine generated from LSEG data October 31 at 02:42 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.31 0.35 Beat
Jun. 30 2024 0.31 0.35 Beat
Mar. 31 2024 0.19 0.18 Missed
Dec. 31 2023 0.22 0.20 Missed
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