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Why FormFactor Stock Exploded Higher Today

The Motley Fool Logo The Motley Fool By Rich Smith
Why FormFactor Stock Exploded Higher Today

FormFactor reported Q3 earnings beating analyst expectations, with $0.33 per share on $202.7 million in revenue, driving stock price up 25.73%. Despite the earnings beat, the stock remains expensive with a high price-to-earnings ratio.

Insights
RHHBY   positive

Market leader dominating global sales with Vabysmo, representing over half of total multispecific antibody market revenues


FORM   neutral

While the company beat earnings expectations and saw stock price surge, the author remains cautious due to high valuation, declining year-over-year earnings, and a price-to-earnings ratio of 102