LIVERMORE, Calif. (AP) — LIVERMORE, Calif. (AP) — FormFactor Inc. (FORM) on Wednesday reported a fourth-quarter loss of $13.7 million, after reporting a profit in the same period a year earlier.
The Livermore, California-based company said it had a loss of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The integrated circuits diagnostic company posted revenue of $166 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $155.4 million.
For the year, the company reported profit of $50.7 million, or 65 cents per share. Revenue was reported as $747.9 million.
For the current quarter ending in March, FormFactor expects its per-share earnings to range from 9 cents to 17 cents.
The company said it expects revenue in the range of $157 million to $167 million for the fiscal first quarter.
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