FormFactor is trading at $90.00, down 7.65%, in pre-market as investors appear focused on management’s warning that existing factories are nearing capacity.
- Third-quarter revenue and earnings beat expectations, while fourth-quarter guidance was above consensus.
- Management said output gains are moderating as the new facility ramps.
- Reuters reported technology shares slumped on October 30 amid concerns that surging AI spending may not deliver sufficient returns.