(RTTNews) - Ichor Holdings, Ltd. (ICHR) Monday announced that it expects fourth quarter preliminary earnings per share to be below its outlook, while revenue is expected to be at the high end of its guidance range.
Initially, shares are down 3.59 percent at $30.85.
The preliminary quarterly expectation is approximately $233 million.
For the first quarter of 2025, revenue is expected in a range of $235 to $250 million.
Further, the company said it now expect fourth quarter gross margin to be impacted by the higher level of direct manufacturing labor costs
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