ACM Research, Re-affirms Full Year 2024 Revenue Outlook In The Range Of $650M-$725M Vs. $701.7M Estimate, Which Would Represent Year-to-year Growth Of 17%-30%
Portfolio Pulse from Benzinga Newsdesk
ACM Research has confirmed its full-year 2024 revenue forecast to be in the range of $650M-$725M, aligning with a $701.7M estimate and indicating a 17%-30% growth year-over-year. The company will further discuss its Q1 2024 financial results and the detailed revenue outlook on its earnings call scheduled for May 8, 2024.
April 26, 2024 | 10:22 am
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ACM Research reiterates its 2024 revenue projection of $650M-$725M, indicating a significant year-over-year growth of 17%-30%.
Reaffirming a strong revenue outlook, especially when it aligns with or exceeds analyst estimates, typically instills confidence in investors and can lead to positive sentiment around the stock. ACM Research's confirmation of its revenue forecast suggests a strong operational performance and growth trajectory, which is likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100