Aehr Test Systems Reports Solid Q2 Results But Expects Delays To Affect Full-Year Revenue, Stock Tanks
Portfolio Pulse from Ryan Gustafson
Aehr Test Systems (NASDAQ:AEHR) reported Q2 earnings of $0.23 per share, surpassing estimates of $0.19, and sales of $21.40 million, beating estimates of $20.89 million. Despite strong growth, AEHR expects delays in new orders to affect full-year revenue, revising its forecast to $75-$85 million. The stock dropped 18.5% in after-hours trading.
January 09, 2024 | 10:03 pm
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Aehr Test Systems exceeded Q2 earnings and sales expectations but anticipates delays in new orders, revising full-year revenue projections downward. The stock experienced an 18.5% decline in after-hours trading.
The negative stock reaction in after-hours trading is likely due to the company's revised full-year revenue forecast, which suggests a slowdown in future growth. This revision, despite strong Q2 results, indicates that investors are concerned about the potential impact of delayed orders on the company's financial performance.
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