AEHR Test Systems slides on disappointing revenue forecast

AEHR Test Systems

06/10/2023 12:57

** Shares of chip equipment testing firm Aehr Test Systems
 AEHR.O  fall 11.1% to $39.3 premarket
    ** Stock in the top 10 losers among Nasdaq constituents
trading before the bell
    ** Co reiterates FY revenue outlook of $100 mln, below
analysts' expectations of $103.09 mln - LSEG data   
    ** AEHR posts Q1 EPS of 18 cents vs estimates of 16 cents,
Q1 revenue of $20.6 mln above estimates
    ** Stock hit a record high of $54.10 on Aug. 1, 2023 
    ** AEHR up 120% YTD until last close

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))