What happened Shares of Ichor (NASDAQ: ICHR) have skyrocketed today, and were up 21% as of 11:40 a.m. EST, after the company released preliminary fourth-quarter earnings results. Ichor, which makes crucial fluid delivery subsystems for semiconductor capital equipment, also scheduled its full earnings release and conference call while providing guidance for the first quarter. So what Revenue in the fourth quarter will be approximately $189 million, at the high end of the company's guidance of $180 million to $190 million. The consensus estimate called for $185.4 million in revenue. Ichor generated positive operating cash flow and finished 2019 with around $61 million in total cash and $181 million in total debt. Image source: Getty Images. The company had finished the third quarter with around $30.2 million in cash, which had been a year-over-year decrease as Ichor paid down part of its debt. Now what Ichor said it would release full financial results for the fourth quarter and full-year 2019 on Feb. 5 after market close. In terms of preliminary guidance, Ichor expects revenue in the first quarter to grow sequentially and be in the range of $210 million to $230 million. That's well above the Street's current expectations, which are perched at just $186.9 million in revenue. For reference, Ichor posted $137.8 million in revenue in the first quarter of 2019. 10 stocks we like better than Ichor Holdings Ordinary SharesWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ichor Holdings Ordinary Shares wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source