On October 29, FormFactor recorded an Overnight fall of 5.83%, trading at $103.88 per share with turnover of $208.0.
The move followed the company’s latest quarterly report, where results and forward guidance both topped market expectations, but the stock still came under pressure after a strong run-up ahead of the release.
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. Earlier reports showed the shares had already been supported by a rebound in semiconductor equipment stocks and relatively bullish positioning into earnings, helping explain why the Overnight reaction remained weak despite the beat.
(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.)
