On October 30, FormFactor fell 5.46% Overnight, trading at $92.0 per share, with turnover of $59,200.
The move followed continued market pressure after the company reported third-quarter adjusted EPS of $1.04 on revenue of $280.5 million, both above consensus expectations of $0.86 and $270.5 million, respectively.
FormFactor 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, the stock remained under pressure after earlier gains tied to a rebound in semiconductor equipment shares and already-elevated investor expectations ahead of the release. The broader Semiconductor Equipment group was also weak, with Applied Materials down 3.92%, KLA down 2.91%, Lam Research down 4.36%, ASML down 3.19%, and Teradyne down 4.43%.
(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.)
