On July 28, FormFactor fell 5.87% in pre-market trading, trading at $95.0/share, with turnover of $76,700. The decline comes as the semiconductor equipment sector continues to face broad selling pressure, with industry peers weakening significantly.
FormFactor had previously risen 8.37% in overnight trading on optimism ahead of its second-quarter earnings report scheduled for July 29 after market close. However, the stock has since reversed those gains as sector-wide weakness intensified. Market consensus expects quarterly revenue of $240 million, representing 26.20% year-over-year growth, with adjusted EPS of $0.61, up 102.77% year-over-year, and EBIT growth of 126.04%.
Within the Semiconductor Equipment sector, individual stocks declined broadly, with Applied Materials down 4.45%, ASML Holding down 4.07%, Lam Research down 3.98%, Teradyne down 3.96%, and KLA-Tencor down 3.90%.
(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.)