ACM Research Q4 Adj. EPS $0.43 Beats $0.17 Estimate, Sales $170.32M Beat $149.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACM Research reported Q4 adjusted EPS of $0.43, surpassing the $0.17 estimate, and sales of $170.32M, exceeding the $149.28M estimate. This represents a significant increase over the previous year's earnings and sales.
February 28, 2024 | 10:01 am
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ACM Research reported a substantial beat on both earnings and sales estimates for Q4, indicating strong year-over-year growth.
The significant beat on both earnings per share and sales estimates, coupled with the impressive year-over-year growth, suggests a strong operational performance and market position. This is likely to positively influence investor sentiment and potentially lead to a short-term uptick in ACMR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100