FormFactor: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 04:24 PM ET
Last Updated - Jun 21, 2023, 11:16 PM EDT
LIVERMORE, Calif. (AP) — LIVERMORE, Calif. (AP) — FormFactor Inc. (FORM) on Wednesday reported first-quarter net income of $1.3 million.
On a per-share basis, the Livermore, California-based company said it had net income of 2 cents. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The integrated circuits diagnostic company posted revenue of $167.4 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $162.2 million.
