FormFactor, Inc. (NASDAQ:FORM) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, FORM is expected to report 3Q20 income of $ 0.35 per share from revenue of $ 175.71 million.
For the full year, analysts anticipate top line of $ 664.70 million, while looking forward to income of $ 1.34 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.30 ~ $ 0.38 per share, while revenues are expected in a range of $ 170.00 million ~ $ 182.00 million
Click Here For More Historical Outlooks Of FormFactor, Inc.
Previous Quarter Performance
FormFactor, Inc. communicated income for the second quarter of $ 0.33 per share, from the revenue of $ 157.82 million. The quarterly earnings gained 57.14 percent while revenues grew 17.21 percent compared with the same quarter last year.
Street analysts expected FormFactor, Inc. to report income of $ 0.28 per share on revenue of $ 159.23 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 17.86 percent, at the same time, top line results fell short of analysts by $ 1.41 million or 0.89 percent.
Stock Performance
Shares of FormFactor, Inc. traded up $ 0.20 or 0.69 percent on Tuesday, reaching $ 29.18 with volume of 699.40 thousand shares. FormFactor, Inc. has traded high as $ 29.50 and has cracked $ 28.62 on the downward trend
According to the previous trading day, closing price of $ 29.18, representing a 77.25 % increase from the 52 week low of $ 16.35 and a 12.37 % decrease over the 52 week high of $ 33.07.
The company has a market capital of $ 2.25 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 9th September 2020, upgraded by Craig Hallum to Buy from Hold rating.
Conference Call
FormFactor, Inc. will be hosting a conference call at 4:25 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.formfactor.com
FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems.
