Ultra Clean Posts Q3 EPS of 85 Cents
UCTT has more than doubled off its 52-week low of $21.485.
Summary
Ultra Clean reported third-quarter EPS of 85 cents, with revenue of $759M and net income of $39.1M. That follows a strong Q2 in which revenue of $644.9M beat the $587.65M consensus by nearly 10% on AI-driven semiconductor demand, so the print lands against elevated expectations. The company guided fourth-quarter revenue to $800M–$860M. The company also has a $400M at-the-market equity program running, which keeps dilution in the picture.
At the time of this announcement, UCTT was trading at $51.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $21.49 to $144.22. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.