NEW YORK (TheStreet) -- Ultra Clean Holdings (UCTT) shares continued to fall today, down -26.9% to $8.62, following the release of its first quarter earnings report yesterday.
The company's shares fell -15.2% in after-market trading after the company released its results on Monday.
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The semiconductor capital equipment subsystems provider posted earnings of 27 cents per share, missing analysts first quarter estimates by 3 cents.
The company also set its second quarter guidance at revenue between $128 million and $133 million and earnings between 18 cents to 21 cents a share.
Analysts were expecting second quarter revenues of $132.33 million and earnings of 26 cents per share.
TheStreet Ratings team rates ULTRA CLEAN HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ULTRA CLEAN HOLDINGS INC (UCTT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."