. The company earned 55 cents per share on revenue of $272 million, falling short of the 74 cent EPS and revenue of $280 million analysts expected, according to Refinitiv consensus estimates.
For the second quarter, the company expects adjusted earnings between 45 cents to 55 cents per share and revenue between $265 million to $275 million. Analysts had forecast earnings of 58 cents per share on revenue of $271 million. "Looking forward, we continue to see improvement in our memory related businesses and expect our second quarter to be the low point in this market," said CEO Ajay Shah.
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