UCTT & GRP Nail Earnings
UCTT came out swinging hard
* Revenue up 270%+ YoY and 52% sequentially (beat expectations by ~25%)
* Earnings moved from $500K loss to $5M (beat expecttaions by 9%)
* Raised guidance by 10%+ for next quarter
Stock is up ~12% in AH
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GRP - which we STOPped out of and did not buy back in - crushed earnings as well
* Revenue up 34% YoY (beat expectations by $10M or 2.5%)
* Earnings up 257% YoY (beat expectations by 13%)
* Raised guidance by 3%
* Improving margins
One concern - the revenue beat was due to licensing (a new revenue stream)
* Revenue up 270%+ YoY and 52% sequentially (beat expectations by ~25%)
* Earnings moved from $500K loss to $5M (beat expecttaions by 9%)
* Raised guidance by 10%+ for next quarter
Stock is up ~12% in AH
------------------------------------------------
GRP - which we STOPped out of and did not buy back in - crushed earnings as well
* Revenue up 34% YoY (beat expectations by $10M or 2.5%)
* Earnings up 257% YoY (beat expectations by 13%)
* Raised guidance by 3%
* Improving margins
One concern - the revenue beat was due to licensing (a new revenue stream)
posted by Andrew at
10:05 PM
2 Comments:
What are the recommended stops for GRP and UCTT?
No stops for GRP - we don't own them. But I think $34 is a good target stop. They have a reat backlog and fabulous margins.
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