Aehr Test Systems shares are trading lower after the company lowered its full-year revenue guidance. The company said revenue will likely be impacted by an anticipated delay in the timing of new orders from current and new customers.
Portfolio Pulse from Benzinga Newsdesk
Aehr Test Systems has reduced its full-year revenue guidance due to expected delays in receiving new orders from both existing and potential customers, causing its shares to trade lower.
January 09, 2024 | 10:14 pm
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Aehr Test Systems has announced a decrease in its full-year revenue forecast, which has led to a decline in its stock price.
The reduction in revenue guidance is a direct indicator of potential financial underperformance relative to previous expectations. This typically results in a negative investor sentiment and a decrease in stock price in the short term as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100