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Technology Stocks : Semi Equipment Analysis

SOXX 305.47

+3.1%

Nov 5 4:00 PM EST

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To: Return to Sender who wrote (90613)	11/1/2023 4:40:45 PM
From: Return to Sender	1 Recommendation of 95367

FormFactor beats by $0.05, beats on revs; guides Q4 EPS in-line, revs below consensus, announces $75 mln share repurchase Reports Q3 (Sep) earnings of $0.22 per share, excluding non-recurring items, $0.05 better than the FactSet Consensus of $0.17; revenues fell 5.1% year/year to $171.58 mln vs the $166.98 mln FactSet Consensus. Co issues guidance for Q4, sees EPS of $0.16-0.24, excluding non-recurring items, vs. $0.20 FactSet Consensus; sees Q4 revs of $160-170 mln vs. $173.25 mln FactSet Consensus.The moderate sequential decrease in our fourth quarter revenue outlook range reflects the reduction in Systems Segment revenue due to the sale of FRT, and weaker Foundry & Logic probe card demand due to a short-term reduction in customer spending, partially offset by stronger DRAM probe card demand.The company also announced that its Board of Directors authorized a $75 million stock repurchase plan.

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