Published on 2 May 2024 on Zacks via Yahoo Finance
FormFactor (FORM) Q1 Earnings Lag Estimates, Revenues Rise
FormFactor FORM delivered first-quarter 2024 adjusted earnings of 18 cents per share, missing the Zacks Consensus Estimate by 5.26%. The bottom-line figure increased 12.5% year over year.Revenues of $168.7 million beat the Zacks Consensus Estimate by 2.24% and increased 0.8% on a year-over-year basis. The top-line growth can primarily be attributed to growth in probe cards.
Segments in Detail
Probe card revenues were $136.7 million, up 7.4% year over year.Foundry & Logic (accounting for 51.5% of revenues) revenues were $86.8 million, down 14.6% year over year.