Reuters: Global Markets: FormFactor raises second quarter sales outlook, shares jump

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FormFactor raises second quarter sales outlook, shares jump May 29th 2012, 20:30 Tue May 29, 2012 4:30pm EDT (Reuters) - FormFactor Inc (FORM.O) raised its sales outlook for the second quarter, citing higher demand for its memory chips, sending its shares up 13 percent in after-market trading. The company, which makes precision, semiconductor wafer probe card products used by chipmakers to perform tests, now expects revenue of $50 million to $54 million. It had previously expected $43 million to $47 million. Analysts were expecting revenue of $42.7 million, according to Thomson Reuters I/B/E/S. FormFactor, however, warned that softness in the personal computer markets and economic uncertainty could hurt results in the second half of the year. FormFactor shares rose to $6.50 in extended trade. They closed at $5.76 on Tuesday on the Nasdaq.

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