Ultra Clean Holdings lower ahead of the bell, Q1 results slip
Shares of Ultra Clean Holdings, Inc. (Nasdaq:UCTT) are slipping ahead of the bell after the critical subsystems developer reported first-quarter results after Monday’s close that declined from the year-ago quarter and clocked in below analysts’ expectations.
The company also said it remains cautious about the near-term outlook due to declining industry conditions and guided second-quarter results below the consensus on Wall Street.
Shares skidded 12%, or $1.38, to $10.11 ahead of the opening bell. For detailed price information and recent news stories about Ultra Clean Holdings, click UCTT.
