FormFactor, Inc. Stock Drops 9% After Decline In Net Income And Revenues

(RTTNews) - FormFactor, Inc. (FORM) is down by 9.46 percent during today's trading, decreasing $3.89 to $37.23. The stock dropped after the company reported a decline in net income to $9.7 million from $18.7 million in the same quarter last year, with revenues also falling to $189.5 million from $207.9 million year over year.

FORM is currently trading at $37.28, down $3.84 from the previous close of $41.12. The stock has fluctuated today, reaching a high of $39.18 and a low of $32.71.

Trading volume has reached 2.6 million shares, well above the average volume of 812,000. The drop in earnings and revenue led to the stock decline, despite which it remains within its 52-week range of $32.71 to $63.63.