ACM Research Inc reports results for the quarter ended in September 30 - Earnings Summary

• ACM Research Inc ACMR.OQ reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of seven analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 28 cents to 50 cents per share.

• Revenue rose 21% to $203.98 million from a year ago; analysts expected $191.18 million.

• ACM Research Inc's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $30.9 million.

• ACM Research Inc shares had fallen by 6.7% this quarter and lost 3.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for ACM Research Inc is 35.00

This summary was machine generated from LSEG data November 7 at 02:50 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)