ACM Research Clocks 39% Growth In Q2 Revenues, Sees Growth Amid Investments From China-Based Customers
Portfolio Pulse from Nabaparna Bhattacharya
ACM Research, Inc. (NASDAQ:ACMR) reported Q2 revenues of $144.58 million, missing the analyst consensus of $113.32 million, a 38.5% Y/Y increase. The company's adjusted EPS was $0.48, beating the street view of $0.10. The company expects growth in 2023, driven by investments from China-based customers. ACMR shares are trading higher by 0.96% to $12.09.
August 04, 2023 | 3:50 pm
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POSITIVE IMPACT
ACM Research reported higher than expected Q2 revenues and EPS, driving its stock price up. The company expects further growth in 2023 due to investments from China-based customers.
ACM Research reported higher than expected Q2 revenues and EPS, which is a positive signal for investors and can drive the stock price up. The company's positive outlook for 2023, driven by investments from China-based customers, further strengthens the positive impact on the stock.
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IMPORTANCE 80
RELEVANCE 100