ACM Research Expects FY24 Revenue Of $695M-$735M (Prior $650M-$725M) Vs $702.72M Est
Portfolio Pulse from Benzinga Newsdesk
ACM Research has increased its revenue guidance for fiscal year 2024 to a range of $695 million to $735 million, up from the prior range of $650 million to $725 million. This new guidance is higher than the estimated $702.72 million.
August 07, 2024 | 10:05 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ACM Research has raised its revenue guidance for FY24 to $695M-$735M, higher than the previous range and the $702.72M estimate. This indicates a positive outlook for the company's financial performance.
The increase in revenue guidance suggests that ACM Research is expecting stronger financial performance in FY24. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100