UCTT (-10.15%) Ultra Clean Holdings shares tumble on lower revenue outlook, lost business from major customer
Associated Press
NEW YORK (AP) -- Shares of Ultra Clean Holdings Inc. lost more than 20 percent before the opening bell after the semiconductor equipment maker cut its revenue outlook for the current quarter.
The Hayward, Calif., company, which makes machines used by semiconductor companies to produce chips, said a decline in demand it reported last month is worse than it anticipated. It's also lost business from a major customer.
At that time, when it reported second-quarter results, the company predicted third-quarter earnings per share of 10 to 14 cents on revenue of $107 million to $112 million...
