Stock Track | Ultra Clean Soars on Strong Q3 Results, Upbeat Q4 Outlook

Stock Track10-29

Shares of Ultra Clean Holdings Inc. (UCTT) surged over 5% in after-hours trading on October 28, 2024, after the company reported better-than-expected financial results for the third quarter of 2024 and provided an upbeat outlook for the fourth quarter.

For the third quarter, Ultra Clean reported revenue of $540.4 million, exceeding the consensus estimate of around $515 million. The company's non-GAAP earnings per share of $0.35 also beat analysts' expectations of $0.33.

Ultra Clean's CEO, Jim Scholhamer, attributed the strong performance to broader equipment demand for AI infrastructure buildout and sustained domestic spending in China. He highlighted the company's vertical integration capabilities and strategic manufacturing network as key competitive advantages.

Looking ahead to the fourth quarter, Ultra Clean expects revenue to range between $535 million and $585 million, surpassing the consensus estimate of around $531 million at the time. The company cited the strong rationale for significant long-term investment in wafer fabrication equipment (WFE) as a driving factor, positioning Ultra Clean to increase market share as demand expands.

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(UCTT) surged over 5% in after-hours trading on October 28, 2024, after the company reported better-than-expected financial results for the third quarter of 2024 ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UCTT","symbol_name":"超科林半导体","start_time":0,"source_url":"","article_id":"1137742804","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137742804","pubTimestamp":1730147581,"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 Ultra Clean Holdings Inc.  surged over 5% in after-hours trading on October 28, 2024, after the company reported better-than-expected financial results for the third quarter of 2024 and provided an upbeat outlook for the fourth quarter.For the third quarter, Ultra Clean reported revenue of $540.4 million, exceeding the consensus estimate of around $515 million. 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