Ultra Clean Holdings (UCTT) said after close Wednesday that it earned $0.19 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $444.8 million, missing estimates by $40 thousand.
In the same quarter a year ago, the company earned $0.93 per share on revenue of $566.4 million.
The stock is up 8.27% to $45.70 after the report.
Ultra Clean Holdings's profit margins took a hit as earnings fell at a faster pace than revenues.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Ultra Clean Holdings has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 89, putting Ultra Clean Holdings in the top 25% of stocks. The firm was recently trading at a 52-week high of $45.2 on February 16, 2024 and set a 52-week low on October 23, 2023 at $22.15.
Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product range includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems that include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. Its principal markets are North America, Asia, and Europe. Its largest end markets by revenue are the United States and the International market.
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Ultra Clean Holdings Up 8.27% To $45.70 After Earnings Beat
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