CORRECTION: 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 a significant miss in Q4 earnings, with a loss of $(0.18) per share compared to the expected $0.06 per share. Sales also fell short at $27.70M, missing the $34.50M estimate. This represents a 160% decrease in earnings and a 14.28% decrease in sales from the same period last year.
December 14, 2023 | 10:57 pm
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Amtech Systems reported a larger than expected loss per share and a miss on sales estimates for Q4, indicating a significant downturn from the previous year's performance.
The reported earnings significantly missed analyst expectations, which is likely to shake investor confidence and lead to a negative short-term impact on the stock price. The magnitude of the miss in both earnings and sales suggests underlying issues that may concern investors, potentially leading to a sell-off.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100