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.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100