Why ACM Research Shares Are Falling Today
Portfolio Pulse from Nabaparna Bhattacharya
ACM Research Inc. (NASDAQ:ACMR) shares fell after announcing Q1 preliminary unaudited revenue of $150-$152 million, slightly below the $152.41 million estimate, despite a 102%-105% year-over-year growth. Shipments are expected to be $235-$240 million, marking a 163%-169% growth. The company reaffirmed its full-year 2024 revenue outlook of $650-$725 million. ACMR stock is down 4.28% to $27.08. The stock is part of Invesco Semiconductors ETF (NYSE:PSI) and Matthews China Discovery Active ETF (NASDAQ:MCHS).
April 26, 2024 | 5:17 pm
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NEGATIVE IMPACT
ACM Research shares fell after Q1 preliminary revenue slightly missed estimates, despite showing strong year-over-year growth.
The slight miss in revenue estimates for Q1 2024, despite significant year-over-year growth, has led to a negative short-term impact on ACMR's stock price. The reaffirmation of the full-year revenue outlook suggests underlying strength, but the immediate market reaction has been negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Matthews China Discovery Active ETF, which includes ACMR, may be affected by ACM Research's recent stock decline.
As ACM Research is part of the Matthews China Discovery Active ETF, the stock's recent decline following its Q1 earnings report could negatively influence MCHS's short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Invesco Semiconductors ETF, which includes ACMR, may see short-term impact due to ACM Research's stock performance.
Given ACM Research's inclusion in the Invesco Semiconductors ETF, the negative performance of ACMR's stock following the Q1 earnings announcement could have a short-term negative impact on PSI's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50