FormFactor Inc reports results for the quarter ended March 31 - Earnings Summary

• FormFactor Inc FORM.OQ reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of ten analysts for the quarter was for earnings of 19 cents per share. 19 cents per share.

• Revenue rose 1.6% to $171.36 million from a year ago; analysts expected $169.98 million.

• FormFactor Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $6.4 million.

• FormFactor Inc shares had fallen by 1.3% this quarter and lost 36.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 42.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is "hold."

• Wall Street's median 12-month price target for FormFactor Inc is $43.00

This summary was machine generated from LSEG data May 1 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)