Aehr Test Systems shares are trading lower after the company reported preliminary Q3 and FY24 adjusted EPS and revenue results below estimates.
Portfolio Pulse from Benzinga Newsdesk
Aehr Test Systems reported preliminary Q3 and FY24 adjusted EPS and revenue results that fell below estimates, causing its shares to trade lower.
March 25, 2024 | 12:38 pm
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Aehr Test Systems reported lower than expected preliminary Q3 and FY24 adjusted EPS and revenue, leading to a decrease in its share price.
When a company reports earnings and revenue that are below market expectations, it often leads to a decrease in its stock price in the short term. This is because investors may adjust their valuation of the company based on the new information, which in this case suggests that Aehr Test Systems is not performing as well as anticipated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100