Amtech Systems Q2 2024 Adj EPS $(0.20) Misses $(0.14) Estimate, Sales $25.400M Beat $23.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amtech Systems (ASYS) reported Q2 2024 adjusted EPS of $(0.20), missing the $(0.14) estimate, but sales of $25.4M exceeded the $23.5M estimate. This represents a 23.75% decrease in sales compared to the same period last year.
May 08, 2024 | 8:15 pm
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NEGATIVE IMPACT
Amtech Systems reported a larger loss per share than expected but exceeded sales forecasts for Q2 2024, with a significant year-over-year sales decline.
The missed EPS estimate is likely to negatively impact investor sentiment in the short term, despite the sales beat. The significant year-over-year decline in sales further compounds concerns about the company's growth trajectory.
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