Ultra Clean Holdings (UCTT) Reports In-Line Q3 EPS, Revenues Beat; Q4 EPS Outlook Below Consensus, Q4 Revenue Mid-Point Outlook Below Consensus

Ultra Clean Holdings (NASDAQ: UCTT) reported Q3 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $234.1 million versus the consensus estimate of $224.06 million.

"The addition of a new, recurring revenue stream from Quantum late in the third quarter helped to offset the pause in the semiconductor capital equipment investment cycle," said Jim Scholhamer, CEO. "By expanding our core products and systems business to include a services component, we can play a larger, more vital role creating and capturing value for our existing and new top-tier OEM and IDM customers. We remain very positive on the industry's long-term drivers and will continue to execute on our growth strategy, extending our position as a leading supplier to the semiconductor market."

GUIDANCE:

Ultra Clean Holdings sees Q4 2018 EPS of $0.22-$0.32, versus the consensus of $0.34. Ultra Clean Holdings sees Q4 2018 revenue of $240-260 million, versus the consensus of $259.35 million.

For earnings history and earnings-related data on Ultra Clean Holdings (UCTT) click here.

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