Why Ichor Shares Are Trading Lower Today?

Ichor Holdings, Ltd. ICHR shares are trading lower after the company issued preliminary Q4 revenue results below estimates.

For the fourth quarter of 2022, Ichor expects to report revenue between the range of $300 million and $302 million, which is below the analyst consensus estimate of $335 million.

The company expects first-quarter 2023 net sales to be between $210 to $240 million, versus the $276.82 million analyst consensus estimate.

ICHR Price Action: Ichor has a 52-week high of $48.89 and a 52-week low of $21.035.

Ichor shares are down 3% at $28.77 per share at time of publication, according to Benzinga Pro.