FormFactor drops after Q1 profit, revenue forecast fall below estimates

FormFactor

06/02/2025 10:05

** Shares of chip testing equipment maker FormFactor
 FORM.O  fall 27.6% to $29.75 premarket
    ** Co forecasts Q1 revenue of $170 mln, plus or minus
$5 mln, compared to analysts' avg estimates of $184 mln
according to data compiled by LSEG
    ** Co sees Q1 adj EPS of 19 cents, plus or minus 4 cents, vs
estimates of 31 cents - LSEG
    ** FORM reports Q4 rev of $189.5 mln, missing analysts'
estimates of $191.1 mln - LSEG
    ** Brokerage T.D. Cowen cuts PT to $35 from $44; D.A.
Davidson cuts PT to $50 from $55
    ** Five brokerages rate the stock "buy" or higher, five rate
"hold"; their median PT is $50
    ** FORM stock gained 5.5% in 2024

 (Reporting by Sanchayaita Roy in Bengaluru)
 ((sanchayaita.roy@thomsonreuters.com))