ACM Research Expects FY23 Revenue $520M-$540M (Prior $515M-$585M) Vs $561.14M Est
Portfolio Pulse from Benzinga Newsdesk
ACM Research has updated its revenue guidance for fiscal year 2023 to $520 million to $540 million, a narrower range than the previous $515 million to $585 million. The updated guidance is based on the company's assessment of international trade policy impact, customer spending scenarios, supply chain constraints, and other factors.
November 07, 2023 | 10:03 am
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ACM Research's updated FY23 revenue guidance is narrower and slightly lower than the previous range. This could indicate potential challenges in the company's operations, possibly affecting its stock price.
ACM Research's updated guidance indicates a potential decrease in revenue, which could be due to various factors such as international trade policy impact and supply chain constraints. This could be perceived negatively by investors, potentially leading to a decrease in the company's stock price.
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