Stock Track | FormFactor Stock Plunges After Disappointing Q4 Guidance

Stock Track

Oct 31, 2024

Shares of FormFactor Inc. (NASDAQ: FORM) experienced a significant sell-off in after-hours trading on October 30, 2024, plunging 6.64% despite the company reporting better-than-expected third-quarter results.

The semiconductor testing company reported Q3 2024 earnings of $0.35 per share, surpassing analysts' estimates of $0.31 per share. Revenue for the quarter also came in at $207.9 million, beating expectations of $200.3 million.

However, FormFactor's guidance for the fourth quarter failed to impress investors. The company projected revenue in the range of $185 million to $195 million for Q4 2024, with the midpoint of $190 million falling short of analysts' expectations of $199.6 million. Additionally, FormFactor's adjusted EPS guidance for Q4 2024 of $0.29 at the midpoint was lower than the consensus estimate of $0.34.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1108952060"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1108952060\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1108952060?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 06:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1108952060","market":"hk","top_or_hot":-1,"title":"Stock Track | FormFactor Stock Plunges After Disappointing Q4 Guidance","media":"Stock Track","content":"<p>Shares of FormFactor Inc. (NASDAQ: FORM) experienced a significant sell-off in after-hours trading on October 30, 2024, plunging 6.64% despite the company reporting better-than-expected third-quarter results.</p>\n\n<p>The semiconductor testing company reported Q3 2024 earnings of $0.35 per share, surpassing analysts' estimates of $0.31 per share. Revenue for the quarter also came in at $207.9 million, beating expectations of $200.3 million.</p>\n\n<p>However, FormFactor's guidance for the fourth quarter failed to impress investors. The company projected revenue in the range of $185 million to $195 million for Q4 2024, with the midpoint of $190 million falling short of analysts' expectations of $199.6 million. Additionally, FormFactor's adjusted EPS guidance for Q4 2024 of $0.29 at the midpoint was lower than the consensus estimate of $0.34.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | FormFactor Stock Plunges After Disappointing Q4 Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | FormFactor Stock Plunges After Disappointing Q4 Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-31 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of FormFactor Inc. (NASDAQ: FORM) experienced a significant sell-off in after-hours trading on October 30, 2024, plunging 6.64% despite the company reporting better-than-expected third-quarter results.</p>\n\n<p>The semiconductor testing company reported Q3 2024 earnings of $0.35 per share, surpassing analysts' estimates of $0.31 per share. Revenue for the quarter also came in at $207.9 million, beating expectations of $200.3 million.</p>\n\n<p>However, FormFactor's guidance for the fourth quarter failed to impress investors. The company projected revenue in the range of $185 million to $195 million for Q4 2024, with the midpoint of $190 million falling short of analysts' expectations of $199.6 million. Additionally, FormFactor's adjusted EPS guidance for Q4 2024 of $0.29 at the midpoint was lower than the consensus estimate of $0.34.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FORM","symbol_name":"FormFactor","start_time":0,"source_url":"","article_id":"1108952060","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108952060","pubTimestamp":1730328992,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of FormFactor Inc.  experienced a significant sell-off in after-hours trading on October 30, 2024, plunging 6.64% despite the company reporting better-than-expected third-quarter results.The semiconductor testing company reported Q3 2024 earnings of $0.35 per share, surpassing analysts' estimates of $0.31 per share. Revenue for the quarter also came in at $207.9 million, beating expectations of $200.3 million.However, FormFactor's guidance for the fourth quarter failed to impress investor","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FORM":"FormFactor"},"translate_title":"股票轨迹FormFactor股票在第四季度指引令人失望后暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FORM":1},"content_text":"Shares of FormFactor Inc. (NASDAQ: FORM) experienced a significant sell-off in after-hours trading on October 30, 2024, plunging 6.64% despite the company reporting better-than-expected third-quarter results.\nThe semiconductor testing company reported Q3 2024 earnings of $0.35 per share, surpassing analysts' estimates of $0.31 per share. Revenue for the quarter also came in at $207.9 million, beating expectations of $200.3 million.\nHowever, FormFactor's guidance for the fourth quarter failed to impress investors. The company projected revenue in the range of $185 million to $195 million for Q4 2024, with the midpoint of $190 million falling short of analysts' expectations of $199.6 million. Additionally, FormFactor's adjusted EPS guidance for Q4 2024 of $0.29 at the midpoint was lower than the consensus estimate of $0.34.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}