Stock Track | Ichor Holdings Soars Over 16% After Smashing Q3 Earnings Estimates

Stock Track11-05

Shares of semiconductor equipment maker Ichor Holdings Ltd. (ICHR) surged over 16% on Monday, propelled by the company's better-than-expected financial results for the third quarter of 2024.

Ichor reported adjusted earnings of $0.12 per share for the quarter ended September 30, 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 marked a significant turnaround for Ichor, whose stock 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.

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(ICHR) surged over 16% on Monday, propelled by the company's better-than-expected financial results for the third quarter of 2024.\nIchor ...</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":"ICHR","symbol_name":"Ichor Holdings Ltd.","start_time":0,"source_url":"","article_id":"1141458951","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141458951","pubTimestamp":1730817420,"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 semiconductor equipment maker Ichor Holdings Ltd.  surged over 16% on Monday, propelled by the company's better-than-expected financial results for the third quarter of 2024.Ichor reported adjusted earnings of $0.12 per share for the quarter ended September 30, exceeding analysts' average estimate of $0.11 per share. 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