1 month ago

Aehr Test Systems Stock Climbs After Better-Than-Expected Q1 Results: Here's Why

Aehr Test Systems  (NASDAQ:AEHR) reported its first-quarter financial results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: Aehr Test Systems reported quarterly earnings of 7 cents per share, which beat the analyst consensus estimate of 2 cents. Quarterly revenue of $13.12 million also beat the consensus estimate of $12.17 million, according to data from Benzinga Pro.

Bookings were $16.8 million for the quarter, and backlog was $16.6 million as of Aug. 30, 2024. The company ended the quarter with cash, cash equivalents and restricted cash of ...

Full story available on Benzinga.com

Read Entire Article

© NewsMage 2024. All rights are reserved