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FormFactor posts bigger 3Q loss

FormFactor posts bigger 3Q loss as sales drop 17 percent

  • On 6:48 pm EDT, Wednesday October 28, 2009

LIVERMORE, Calif. (AP) -- FormFactor Inc. reported a wider loss for the third quarter Wednesday, with sales of its semiconductor testing equipment down 17 percent.

The company lost $23.9 million, or 48 cents per share, compared with $14 million, or 29 cents per share, in the same quarter a year ago.

Excluding one-time charges, FormFactor said it would have lost $20.9 million, or 42 cents per share. Analysts surveyed by Thomson Reuters, who typically exclude special items, expected a loss of 41 cents.

Sales fell to $43.8 million from $52.6 million a year earlier, while analysts were looking for $39.6 million.

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