FormFactor (FORM) Releases Earnings Results, Reports EPS of $-0.11 EPS

FormFactor (FORM) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $-0.11 EPS for the quarter. Analysts had a consensus estimate of $-0.11. The company posted revenue of $53.60 million in the period, compared to analysts expectations of $53.40 million. The company’s revenue was down -24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on FormFactor. FormFactor was Downgraded by Stifel to ” Hold” on Mar 30, 2016.

FormFactor opened for trading at $7.35 and hit $7.45 on the upside on Friday, eventually ending the session at $7.36, with a gain of 0.27% or 0.02 points. The heightened volatility saw the trading volume jump to 1,87,653 shares. Company has a market cap of $434 M.

In a different news, on Nov 25, 2015, Richard Delateur (director) sold 16,000 shares at $8.60 per share price. According to the SEC, on Nov 9, 2015, Mike Slessor (CEO) sold 10,883 shares at $8.52 per share price. On May 21, 2015, Dennis Thomas St (EXECUTIVE CHAIRMAN) sold 130,000 shares at $8.91 per share price, according to the Form-4 filing with the securities and exchange commission.

FormFactor Inc. designs develops manufactures sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort) which is the testing of the semiconductor die or chips. Its products are based on its technologies including its micro-electromechanical systems (MEMS) technologies its automation systems its various product architectures and its design tools. The applications of these products include customer collaboration consumer integrated circuits (ICs) mobile ICs automative ICs computing ICs and publications. The Company operates under the brands FormFactor the FormFactor logo Apollo ATRE DC-Boost Matrix MicroProbe the MicroProbe logo MicroSpring Mx-FinePitch OneTouch QiLin RapidSoak SmartMatrix SMART Matrix 100 TouchMatrix Takumi and TrueScale Lite among others.


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