Amtech Systems Q4 Adj. EPS $(0.18) Misses $0.06 Estimate, Sales $27.70M Miss $34.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amtech Systems (NASDAQ:ASYS) reported Q4 adjusted earnings of $0.18 per share, surpassing the $0.06 estimate by 200%, but saw a year-over-year decrease from $0.31 per share. Sales were $27.70M, falling short of the $34.50M estimate by 19.71% and down 14.28% from $32.31M in the same period last year.
December 14, 2023 | 10:40 pm
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Amtech Systems reported higher-than-expected Q4 adjusted EPS at $0.18, beating estimates by 200%, but sales missed estimates by 19.71%, with a significant year-over-year decline.
While the EPS beat may provide a short-term positive sentiment, the significant miss in sales and the year-over-year decline in both earnings and revenue are likely to weigh more heavily on investor sentiment, potentially leading to a negative short-term impact on the stock price.
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