Recap: Ichor Hldgs Q1 Earnings

Ichor Hldgs ICHR reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Ichor Hldgs missed estimated earnings by 22.22%, reporting an EPS of $0.7 versus an estimate of $0.9.

Revenue was up $28.58 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 2.51% drop in the share price the next day.

Here's a look at Ichor Hldgs's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.91	0.88	0.85	0.72
EPS Actual	0.90	0.81	0.90	0.76
Revenue Estimate	291.04M	280.80M	285.00M	258.20M
Revenue Actual	287.19M	262.86M	282.31M	264.57M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Ichor Hldgs management provided guidance for Q2 2022, expecting earnings between $0.68 and $0.94 per share.

To track all earnings releases for Ichor Hldgs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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