ACM Research Says Preliminary Unaudited Revenue For Q1 Is Expected To Be $150M-$152M Vs. $152.41M Estimate; Preliminary Total Shipments Are Expected To Be In The Range Of $235M-$240M
Portfolio Pulse from Benzinga Newsdesk
ACM Research announced its preliminary unaudited revenue for Q1 is expected to be between $150M-$152M, slightly below the $152.41M estimate. Preliminary total shipments are anticipated to range from $235M-$240M.
April 26, 2024 | 10:21 am
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NEGATIVE IMPACT
ACM Research's Q1 preliminary revenue is expected to be slightly below the analyst estimate, with total shipments forecasted to be strong.
The slight miss in revenue expectations compared to analyst estimates could lead to a short-term negative impact on ACMR's stock price. However, the strong shipment forecast might mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100