On October 30, FormFactor fell 10.62% in Regular Trading, trading at $88.74 per share, with turnover of $24.12 million.
The move followed the company’s latest quarterly report, which beat expectations on both earnings and revenue, while fourth-quarter guidance also came in above consensus; however, the stock remained under pressure as the market reaction stayed negative after the results.
FormFactor reported third-quarter adjusted EPS of $1.04 versus the $0.86 expected by analysts, on revenue of $280.5 million versus the $270.5 million consensus. The company guided fourth-quarter adjusted EPS to about $0.95, plus or minus $0.09, and revenue to about $285 million, plus or minus $10 million, both above market expectations. Even so, the shares had already rallied ahead of results alongside a broader rebound in semiconductor equipment stocks, and the latest decline suggests earlier optimism had been substantially priced in.
(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.)
