Recap: Aehr Test Systems Q2 Earnings
Portfolio Pulse from Benzinga Insights
Aehr Test Systems (NASDAQ:AEHR) reported Q2 earnings with an EPS of $0.23, beating estimates by 21.05% against the expected $0.19. Revenue increased by $6.62 million compared to the same period last year. Despite beating EPS estimates last quarter, AEHR's share price dropped by 12.6% the following day. The company has a history of surpassing EPS estimates in the past four quarters.
January 09, 2024 | 9:10 pm
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Aehr Test Systems reported a strong Q2 earnings beat with a 21.05% higher EPS than expected and a notable increase in revenue year-over-year.
Positive earnings surprises like the one AEHR reported generally lead to short-term stock price appreciation. However, the stock's drop after last quarter's earnings beat suggests market expectations may have already priced in the positive results, or there are other factors influencing investor sentiment. Caution is advised due to the previous post-earnings price drop.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100