Aehr Test Systems Reiterating FY24 Previously Provided Guidance For Total Revenue To Be At Least $100M Vs $102.93M Est.
Portfolio Pulse from Happy Mohamed
Aehr Test Systems has reiterated its FY24 guidance, expecting total revenue to be at least $100 million, a growth of over 50% YoY, and GAAP net income of at least $28 million, a growth of over 90% YoY. The revenue estimate is slightly below the market expectation of $102.93 million.
October 05, 2023 | 8:07 pm
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Aehr Test Systems' FY24 guidance is slightly below market expectations, which may impact the stock negatively in the short term.
Aehr Test Systems' FY24 revenue guidance is slightly below the market expectation of $102.93 million. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100