Hayward, CA: Ultra Clean Holdings, Inc. (NASDAQ:UCTT), the producer of semiconductor capital gear lately launched its outcomes for the fourth quarter of 2018. The firm delivered a mixed outcome like a lot of its earlier quarters the place it managed to beat analyst estimates when it comes to income however had an earnings miss.
Ultra Clean Holdings reported a top-line of $257.39 million which was a 3.4% enchancment over the corresponding quarter of the earlier 12 months and about $8.35 million greater than the analyst consensus estimate as per Factset knowledge. The firm has good recurring income streams and companions with IDM corporations to extract elevated technical functionality and better productiveness from present and new property of their shoppers.
In phrases of the earnings, Ultra Clean Holdings reported an EPS of $0.23 which occurred to be 5 cents under the analyst expectations. The firm is affected by greater stock ranges which the administration expects to normalize over the course of 2019.
The Q1 2019 outlook reported by CEO James P. Scholhamer and his workforce was comparatively weak. The administration’s income expectations for Q1 are between $230 million and $250 million that are in line with the analyst consensus of $244.10 million. However, Ultra Clean Holdings’ EPS steerage vary of $0.09 to $0.19 is considerably decrease than the analyst quantity of $0.24.
The mixed outcome and the weak steerage triggered the stock to lose greater than 9% worth in a single session which was one of the worst days within the buying and selling historical past of the corporate. The administration expects the wafer fab gear spending atmosphere to stay challenged in 2019 which is a basic problem and in addition the rationale why there’s little to count on from the corporate on this calendar 12 months.