FormFactor is trading 9.76% down at $99.54 on October 29, as investors focus on capacity limits and the time needed to ramp its new facility after October 28 results.
- Third-quarter revenue of $280.5 million and adjusted EPS of $1.04 beat expectations; shares fell 10.5% immediately after results, according to reporting.
- FormFactor guided to fourth-quarter revenue of approximately $285 million and adjusted EPS of $0.95.
- The broader market is also weak, though the earnings reaction is the clearest company-specific explanation.