Amtech Systems Q3 2024 Adj. EPS $0.08 Beats $(0.06) Estimate, Sales $26.749M Beat $24.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amtech Systems (NASDAQ:ASYS) reported Q3 2024 adjusted EPS of $0.08, significantly beating the $(0.06) estimate. Sales were $26.749M, also surpassing the $24.150M estimate. Despite the positive earnings surprise, sales decreased by 12.98% compared to the same period last year.
August 07, 2024 | 9:13 pm
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Amtech Systems reported Q3 2024 adjusted EPS of $0.08, beating the $(0.06) estimate by 233.33%. Sales of $26.749M also surpassed the $24.150M estimate. However, sales decreased by 12.98% YoY.
The significant earnings beat and sales surpassing estimates are positive indicators for the stock in the short term. However, the YoY sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100