FormFactor Inc reports results for the quarter ended September 30 - Earnings Summary

• FormFactor Inc reported quarterly adjusted earnings of $1.04​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of nine analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 86 cents to 87 cents per share.

• Revenue rose 38.4% to $280.55 million from a year ago; analysts expected $270.52 million.

• FormFactor Inc's reported EPS for the quarter was 93 cents​.

• The company reported quarterly net income of $73.82 million.

• FormFactor Inc shares had fallen by 28.4% this quarter and gained 91.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

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

• Wall Street's median 12-month price target for FormFactor Inc is $150.00, about 26.5% above its last closing price of $110.31

This summary was machine generated from LSEG data October 29 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)