Ultra Clean (UCTT Quote) soared 9% late Monday after the chip equipment supplier beat third-quarter targets and guided up.
The Menlo Park, Calif., company made $5.6 million, or 25 cents a share, for the quarter ended Sept. 30, reversing the year-ago loss of $566,000, or 3 cents a share. Revenue rose 278% from a year ago to 52% sequentially to $104 million. Analysts surveyed by Thomson Financial were looking for a 23-cent profit on sales of $80 million. The company said it expects to make 23 to 28 cents a share for the fourth quarter on revenue of $100 million to $108 million. Analysts were looking for a 23-cent profit on sales of $84 million. Shares rose $1.08 late Monday to $12.80.- Loading Comments...
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