On October 29, FormFactor fell 8.39% in Pre-Market Trading, trading at $103.19 per share, with turnover of $81.6 thousand.
The move followed the company’s latest quarterly report, which showed third-quarter adjusted EPS of $1.04 versus the $0.86 consensus and revenue of $280.5 million versus the expected $270.5 million. FormFactor also guided fourth-quarter adjusted EPS to about $0.95, plus or minus $0.09, on revenue of about $285 million, plus or minus $10 million, both above market expectations.
Despite the headline beat, the stock remained under pressure after earlier strength tied to a rebound in semiconductor equipment names had already lifted expectations into the release, leaving a sell-the-news reaction in pre-market activity.
(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.)
