ACM Research Q3 Adj EPS $0.57 Beats $0.35 Estimate, Sales $168.57M Miss $173.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACM Research reported Q3 earnings of $0.57 per share, beating the analyst consensus estimate of $0.35 by 62.86%. However, the company's quarterly sales of $168.57 million missed the analyst consensus estimate of $173.69 million by 2.95%. This represents a 35.71% increase in earnings and a 26.07% increase in sales compared to the same period last year.
November 07, 2023 | 10:01 am
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ACM Research's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
ACM Research's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss could temper this optimism and create some downward pressure. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100