Aehr Test Systems jumps after Q1 results surpass estimates

AEHR Test Systems

11/10/2024 14:22

** Shares of Aehr Test Systems  AEHR.O  jump 17.6% premarket
to $15.66, highest since Aug 30, after co's Q1 results top
estimates
    ** Chip equipment testing firm late Thurs posted rev of
$13.1 mln, down 36% yr/yr, and adj EPS of 7 cents
    ** Consensus estimates of 2 analysts called for rev of $12.2
mln and adj EPS of 2 cents, per LSEG data
    ** Co said it's poised to benefit by expanding its test and
burn-in products into large and fast-growing markets, such as
artificial-intelligence processors, gallium nitride power
semiconductors, hard disk drive components and flash memory
devices
    ** It reiterated its full-yr outlook for total rev of at
least $70 mln and net profit before taxes of at least 10% of rev
    ** Through Thurs close, AEHR shares have shed 50% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))