Why Aehr Test Systems Stock Is Tumbling Wednesday
Portfolio Pulse from Adam Eckert
Aehr Test Systems (NASDAQ:AEHR) stock fell after reporting Q2 earnings that beat estimates but lowering its full-year revenue guidance due to a slowdown in the electric vehicle market and shifts in customer product mix. The company now expects full-year 2024 revenue of $75 million to $85 million, a growth of 15% to 30%. AEHR shares dropped 18.6% to $18.19.
January 10, 2024 | 2:10 pm
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Aehr Test Systems stock declined after surpassing Q2 earnings expectations but reducing its revenue outlook for full-year 2024, citing a slower EV market and customer mix changes.
The stock price of AEHR is likely to face downward pressure in the short term due to the lowered revenue guidance, which is a significant indicator of future performance and can affect investor sentiment. The beat on Q2 earnings is overshadowed by the negative outlook, which is a key driver of stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100