ICHR - Ichor sinks over 15% post-market after forecasting Q4 revenue below estimates

• Ichor ( NASDAQ: ICHR ) -14.3% aftermarket said Tuesday it sees fourth quarter revenue between $300 to $302 million, and expects total cash of about $82 million at year-end.
• The Seeking Alpha consensus for Q4 revenue is $335 million.
• “As we progressed through the fourth quarter, it became evident that the areas of weakness in wafer fab equipment, particularly those related to memory spending, have resulted in further reductions in near-term demand from our customers," CEO Jeffrey Andreson said.
• The company said it is witnessing quarter-over-quarter revenue declines that are modestly higher than what it was expecting a couple of months ago.
• Ichor forecasts Q1 revenue around $210 to $240 million, the consensus estimate is $296.8 million.

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