Stock Track | FormFactor Soars 15.05% After-Hours on Q2 Earnings Beat and Upbeat Guidance
Stock Track
Jul 30
FormFactor shares surged 15.05% in after-hours trading on Wednesday, following the release of the company's second-quarter financial results.
The semiconductor equipment maker reported Q2 revenue of $258.2 million, significantly exceeding the consensus estimate of $240 million. Adjusted net income reached $65 million, well above the $48.5 million analysts had projected. The company also provided an optimistic third-quarter earnings outlook, forecasting EPS of $0.75 with a range of +/- $0.09.
The strong results and forward guidance triggered a sharp rebound, helping the stock recover from recent selling pressure tied to a broader semiconductor sector downturn.
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