On Oct. 25, FormFactor (NASDAQ:FORM) released third-quarter earnings for the period ended Sept 30.

  • Revenues increased 55.1% due to high demand for advanced probe cards.
  • Bookings for the third quarter increased by 44% over the same quarter last year.
  • Year to date, the company has increased earnings per diluted share by 91% year over year.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$95

$97

$62

55.1%

Net Profit

--

$16

$10

61.8%

EPS

$0.33

$0.33

$0.23

43.5%

Diluted Shares

--

48

42

16.1%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

51.95%

45.35%

6.60

Operating Margin

19.59%

13.68%

5.91

Net Margin

16.35%

15.68%

0.67

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$457

$202

127%

Accounts Rec.

$54

$35

52.5%

Inventory

$26

$14

82.6%


Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$27

$19

45.4%



Learn the ways of the balance sheet.

Cash Flow Highlights

No cash flow statement provided. (Bad form!)

Find out why Fools always follow the money.

Related Companies:

  • Advantest (NYSE:ATE)
  • Cascade Microtech (NASDAQ:CSCD)
  • Analog Devices (NYSE:ADI)

Related Foolishness:

FormFactor is a Motley Fool Hidden Gems pick.

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