FREMONT, Calif. (AP) 鈥� FREMONT, Calif. (AP) 鈥� Ichor Holdings, Ltd. (ICHR) on Monday reported a loss of $2.5 million in its first quarter.
The Fremont, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 15 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The company posted revenue of $256.1 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $253.1 million.
For the current quarter ending in June, Ichor Holdings expects its per-share earnings to range from 25 cents to 35 cents.
The company said it expects revenue in the range of $290 million to $310 million for the fiscal second quarter.
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