ACM Research Q3 Non-GAAP Earnings, Revenue Rise; Guidance Lifted -- Shares Jump Pre-Bell

MT Newswires Live11-07

ACM Research (ACMR) reported Q3 non-GAAP earnings Thursday of $0.63 per diluted share, up from $0.57 a year earlier.

Three analysts polled by Capital IQ expected $0.37.

Revenue for the quarter ended Sept. 30 was $204 million, up from $168.6 million a year earlier.

Analysts surveyed by Capital IQ expected $193.4 million.

For 2024, the company now expects revenue in the range of $725 million to $745 million, up from its prior outlook of $695 million to $735 million. Analysts polled by Capital IQ expect $732.4 million.

Shares of the company rose 9% in recent Thursday premarket activity.

Price: 19.00, Change: +0.44, Percent Change: +2.37

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