From Nasdaq: 2024-05-02 11:18:00

FormFactor, Inc. reported first-quarter 2024 adjusted earnings of 18 cents per share, missing estimates by 5.26%, but increasing 12.5% year over year. Revenues of $168.7 million beat estimates by 2.24%, driven by growth in probe cards. Segment details show rising revenue from probe cards, while Foundry & Logic revenues declined. Operating margin contracted. Cash flow and balance sheet remained strong. Guidance for 2024 looks promising.

Among the broader sector, FormFactor, Inc. currently carries a Zacks Rank #3 (Hold). Investors may consider better-ranked stocks like Arista Networks, AMETEK, and NVIDIA, with Arista Networks having a Zacks Rank #1 (Strong Buy) and AMETEK and NVIDIA at a Zacks Rank #2 (Buy). Arista Networks, AMETEK, and NVIDIA are expected to report their first-quarter results on specific dates. Experts recommend seven elite stocks with strong buy ratings, which have historically outperformed the market. Interested investors can access this list for potential early price pops.



Read more at Nasdaq: FormFactor (FORM) Q1 Earnings Lag Estimates, Revenues Rise