Ultra Clean and PPG Rise as Enphase Falls After Earnings
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Ultra Clean Holdings, Inc. (UCTT) and PPG rose in premarket trading Wednesday, while Enphase Energy fell after the companies released third-quarter results Tuesday, Oct. 27. Ultra Clean's revenue for the quarter ended Sept. 25 was $759 million, up 49% from a year earlier. Diluted earnings were $0.85 per share under generally accepted accounting principles (GAAP) and $1.15 on a non-GAAP basis. The company forecast fourth-quarter revenue of $800 million to $860 million. PPG's third-quarter net sales rose 7% year over year to $4.353 billion. Reported earnings were $2.12 per share, while adjusted earnings were $2.25.
Source: TokenPost
