Skip to main content

Ichor Holdings: Q1 Earnings Snapshot

FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — 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.

_____

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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story