On October 29, FormFactor fell 7.36% in Regular Trading, trading at $101.06 per share with turnover of $18.1095 million.
The move followed the company’s latest quarterly release, which beat expectations on both earnings and revenue, but the stock remained under pressure as the market reaction turned negative after results.
FormFactor reported third-quarter adjusted EPS of $1.04 versus the $0.86 consensus, on revenue of $280.5 million versus the expected $270.5 million. The company also 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, recent reports indicated the stock had already rallied alongside a broader rebound in semiconductor equipment names before the release, and shares declined in post-market and pre-market trading after the results.
(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.)
