Why Ultra Clean Holdings Stock Got Crushed Today

Why Ultra Clean Holdings Stock Got Crushed Today
·2 min read

Shares of Ultra Clean Holdings (NASDAQ: UCTT) have gotten crushed today, down by 13% at 11:30 a.m. EDT, after the company reported second-quarter earnings. The results topped market expectations, but investors may be fretting over a structural change to a joint venture (JV). Revenue in the second quarter was $515.2 million, ahead of the consensus estimate of $505.4 million in sales.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting