ACM Research Inc ACMR.OQ reported quarterly adjusted earnings of 54 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of eight analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 42 cents to 55 cents per share.
Revenue rose 6.4% to $215.37 million from a year ago; analysts expected $223.42 million.
ACM Research Inc's reported EPS for the quarter was 44 cents.
The company reported quarterly net income of $29.76 million.
ACM Research Inc shares had risen by 14.5% this quarter and gained 96.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.9% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "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 $35.85, about 17.3% above its last closing price of $29.65
This summary was machine generated from LSEG data August 6 at 01:31 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)