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Ichor Holdings: Q2 Earnings Snapshot
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FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Ichor Holdings, Ltd. (ICHR) on Monday reported second-quarter profit of $998,000.

The Fremont, California-based company said it had profit of 3 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were 34 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The company posted revenue of $294.8 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $300.3 million.

For the current quarter ending in September, Ichor Holdings expects its per-share earnings to range from 40 cents to 50 cents.

The company said it expects revenue in the range of $315 million to $345 million for the fiscal third quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICHR at https://www.zacks.com/ap/ICHR

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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