Aehr Test Systems Beats Q1 Estimates, Reiterates Guidance: Here Are The Details
Portfolio Pulse from Ryan Gustafson
Aehr Test Systems (NASDAQ:AEHR) reported Q1 earnings of 18 cents per share, beating the analyst consensus estimate of 16 cents. The company also reported quarterly sales of $20.62 million, surpassing the analyst consensus estimate of $19.23 million. Despite the positive results, AEHR shares traded lower after the announcement. The company reiterated its full-year 2024 guidance for total revenue to be at least $100 million.
October 05, 2023 | 8:55 pm
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Despite beating Q1 estimates, AEHR shares traded lower. The company reiterated its full-year 2024 revenue guidance.
Aehr Test Systems reported better than expected Q1 results, which would typically lead to a positive reaction in the stock market. However, the company's shares traded lower, possibly due to other market factors or investor sentiment. The company's reiteration of its full-year 2024 revenue guidance could also have been factored into the stock's performance.
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