ACM Research Q1 2024 Adj EPS $0.52 Beats $0.33 Estimate, Sales $152.191M Beat $148.184M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACM Research reported Q1 2024 earnings of $0.52 per share, surpassing the $0.33 estimate, with sales of $152.191M beating the $148.184M estimate, marking a 104.95% increase from the previous year.
May 08, 2024 | 10:01 am
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POSITIVE IMPACT
ACM Research's Q1 2024 earnings and sales significantly exceeded analyst expectations, indicating strong financial performance and growth.
Beating both earnings and sales estimates by a significant margin, especially with a more than 100% increase in sales year-over-year, suggests robust operational efficiency and market demand for ACM Research's offerings. This performance is likely to instill investor confidence and could lead to a positive short-term price movement for ACMR stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100