Overview
- FormFactor shares fell about 11.6% for the week, giving back an early jump after the report as the broader market rose.
- The company beat forecasts with adjusted profit of $0.56 on roughly $226.1 million in first-quarter sales.
- It projected roughly $0.61 in adjusted earnings on about $240 million in current-quarter revenue, topping Wall Street targets.
- Analysts lifted targets, with Evercore ISI moving to $155 with an In Line view and Citi to $165 with a Buy.
- A one-year gain near 354% and a year-to-date rise above 122% have stoked valuation worries even as the business sells chip-testing gear used from lab work to high-volume production.