Amtech Systems Q4 Sales $27.70M Miss $34.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amtech Systems (NASDAQ:ASYS) reported Q4 sales of $27.70M, missing the consensus estimate of $34.50M by 19.71%. Sales decreased by 14.28% compared to $32.31M in the same period last year.
December 13, 2023 | 9:12 pm
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Amtech Systems reported lower than expected Q4 sales, missing estimates by 19.71% and experiencing a 14.28% YOY decrease.
Missing sales estimates by a significant margin and reporting a year-over-year decline is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
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