What happened

Shares of Ichor Holdings (NASDAQ:ICHR), a manufacturer of critical fluid delivery subsystems for semiconductor equipment, jumped on Wednesday after the company reported preliminary fourth-quarter results. Revenue was slightly ahead of analyst expectations, while first-quarter guidance blew the average estimate away. The stock was up 14% at 11:55 a.m. EST.

So what

Ichor expects to report fourth-quarter revenue of $183 million, up from $131 million in the prior-year period and above the $181 million analysts were expecting. About $4 million of fourth-quarter revenue is from the acquisition of Talon Innovations, which closed in December.

Semiconductor equipment.

Image source: Ichor Holdings.

Ichor also sees revenue in the first quarter of 2018 coming in between $240 million and $250 million, including about $20 million of revenue from Talon Innovations. The average analyst estimate was just $208 million.

Its cash balance at the end of 2017 was reportedly $69 million and debt stood at $190 million.

Now what

Ichor will report its full fourth-quarter results on Feb. 7 after market close, accompanied by a conference call. The stock is still down from its October peak even after Wednesday's jump, but it's up about 200% since the company went public in late 2016 thanks to big gains in 2017.

Timothy Green has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.