FormFactor Tops Estimates

FormFactor rallied 21.5%, earlier hitting the highest level since April 2010, after the company said late Wednesday Q1 sales surged to $128.8 million from $53.6 million and topped the CapIQ mean for $124.1 million.

Non-GAAP EPS swung to a profit of $0.24 from a loss of $0.11 last year and beat expectations for a profit of $0.20.
Q2 sales are seen between $130 million to $138 million, in line with estimates for $135 million. Non-GAAP EPS is seen between $0.24 to $0.30, in line with forecasts for $0.27.