Purple, Ultra Clean report first-quarter losses, issue guidance
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Lehi, Utah and Hayward, California. Purple Innovation and Ultra Clean each reported first-quarter results on Tuesday: Purple disclosed a $30.5 million net loss with $95.7 million in revenue in the period, and Ultra Clean reported a $17.9 million net loss with $533.7 million in revenue for its first quarter.
This week both companies provided forward guidance: Purple gave a full-year revenue range of $465 million to $485 million, while Ultra Clean forecasted per-share earnings of $0.44 to $0.60 and revenue between $565 million and $605 million for the quarter ending in June; the reports were distributed via Automated Insights using Zacks data.
Timeline
- 1. Companies completed fiscal first-quarter operations prior to reporting.
- 2. On Tuesday, Associated Press distributed automated Q1 earnings summaries.
- 3. Purple Innovation reported a $30.5M Q1 loss and issued full-year revenue guidance.
- 4. Ultra Clean reported a $17.9M Q1 loss and gave Q2 EPS and revenue guidance.
- 5. Reports cited data from Zacks Investment Research and were generated by Automated Insights.