Why Ichor Stock Skyrocketed Today
Shares of Ichor (NASDAQ: ICHR) have skyrocketed today, and were up 21% as of 11:40 a.m. EST, after the company released preliminary fourth-quarter earnings results. Ichor, which makes crucial fluid delivery subsystems for semiconductor capital equipment, also scheduled its full earnings release and conference call while providing guidance for the first quarter.
Revenue in the fourth quarter will be approximately $189 million, at the high end of the company's guidance of $180 million to $190 million. The consensus estimate called for $185.4 million in revenue. Ichor generated positive operating cash flow and finished 2019 with around $61 million in total cash and $181 million in total debt.
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Source Fool.com
