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Ultra Clean: 1Q Earnings Snapshot

HAYWARD, Calif. (AP) _ Ultra Clean Holdings Inc. (UCTT) on Thursday reported first-quarter earnings of $605,000.

On a per-share basis, the Hayward, California-based company said it had profit of 2 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The chipmaking equipment services company posted revenue of $260.1 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $240.7 million.

For the current quarter ending in July, Ultra Clean expects its per-share earnings to range from 12 cents to 22 cents.

The company said it expects revenue in the range of $245 million to $265 million for the fiscal second quarter.

Ultra Clean shares have climbed 48% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.57, a decline of 28% in the last 12 months.


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