Ultra Clean Holdings Inc reports results for the quarter ended in January 1 - Earnings Summary

Reuters10-29 10:28

* Ultra Clean Holdings Inc reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of four analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 32 cents to 36 cents per share.

* Revenue rose 24.2% to $540.40 million from a year ago; analysts expected $515.85 million.

* Ultra Clean Holdings Inc's reported EPS for the quarter was a loss of 5 cents​.

* The company reported a quarterly loss of $2.3 million.

* Ultra Clean Holdings Inc shares had fallen by 10.9% this quarter and gained 4.2% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 3.2% 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 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for Ultra Clean Holdings Inc is 60.00 This summary was machine generated from LSEG data October 29 at 02:28 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 0.33 0.35 Beat

Jun. 30 2024 0.26 0.32 Beat

Mar. 31 2024 0.13 0.27 Beat

Dec. 31 2023 0.12 0.19 Beat

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