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Ichor Holdings: Q4 Earnings Snapshot

FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Ichor Holdings, Ltd. (ICHR) on Monday reported a loss of $16 million in its fourth quarter.

The Fremont, California-based company said it had a loss of 46 cents per share. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The company posted revenue of $223.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $221 million.

For the year, the company reported a loss of $52.8 million, or $1.54 per share. Revenue was reported as $947.7 million.

For the current quarter ending in March, Ichor Holdings expects its per-share earnings to range from 8 cents to 16 cents.

The company said it expects revenue in the range of $240 million to $260 million for the fiscal first quarter.

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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

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updated by pwenzel 3:13pm
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