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01.08.2019 19:24:00

FormFactor Posts Top-Line Growth, but Isn't Out of the Woods Just Yet

FormFactor (NASDAQ: FORM), a supplier of testing equipment to the semiconductor industry, reported its second-quarter results on Wednesday.As predicted, revenue growth decelerated from the previous quarter, but it came in at 1.9%, which was at the high end of guidance. That's where the good news ended. Gross margin slipped during the quarter and operating costs grew at a faster pace than revenue. The net result was a 21% drop in adjusted net income and a slightly bigger pullback in earnings per share.MetricContinue reading
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