Movement Alert｜FormFactor rises 5.36% in Pre-Market Trading, earnings beat and upbeat guidance draw funds back

Market Focus11-03 21:39

On November 3, FormFactor rose 5.36% in Pre-Market Trading to $91.98/share, with turnover of $369.3 thousand.

The move followed continued market digestion of the company’s latest quarterly results, which exceeded expectations on both earnings and revenue, alongside fourth-quarter guidance that also came in above consensus.

FormFactor previously reported third-quarter adjusted EPS of $1.04 versus the $0.86 market expectation, on revenue of $280.5 million versus the expected $270.5 million. For the fourth quarter, the company guided to adjusted EPS of about $0.95, plus or minus $0.09, and revenue of about $285 million, plus or minus $10 million, both above market forecasts. Although the shares initially came under pressure after the earnings release, the latest pre-market rise suggests a partial recovery in sentiment as capital rotates back into the name.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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