Aehr Stock Plunges 22% on Weak Preliminary Fiscal Q3 Results and Annual Guidance Cut [Yahoo! Finance]
Aehr Test Systems (AEHR)
Last aehr test systems earnings: 1/4 04:06 pm
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Source: Yahoo! Finance
release of its preliminary results for the third quarter of fiscal 2024 (ended Feb. 29) and its updated guidance for fiscal year 2024. The stock sell-off was due to the preliminary fiscal Q3 results coming in considerably weaker than Wall Street had expected, and management lowering its full-year guidance for revenue and net income based on generally accepted accounting principles ( GAAP ). Moreover, management had just cut the annual outlook in January, which probably added to investors' ire. Investors will learn more when Aehr releases its full quarterly results and holds its earnings call on Tuesday, April 9. Aehr Test Systems' key preliminary quarterly numbers Metric Fiscal Q3 2023 Preliminary Fiscal Q3 2024 Change Revenue $17.2 million $7.6 million GAAP net income $4.1 million ($1.8 million) to ($1.5 million) Flipped to negative from positive Adjusted net income $4.7 million ($1.2 million) to ($0.9 million) Flipped to negative from positive G
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AEHR
News
- Is This 1 Small Chip Stock a Top Bet on the Future of AI? [Yahoo! Finance]Yahoo! Finance
- Aehr Test Systems (NASDAQ: AEHR) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Aehr Test Systems (NASDAQ:AEHR) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Is the Options Market Predicting a Spike in Aehr Test Systems (AEHR) Stock? [Yahoo! Finance]Yahoo! Finance
- Investors in Aehr Test Systems (NASDAQ:AEHR) have seen enviable returns of 589% over the past five years [Yahoo! Finance]Yahoo! Finance
AEHR
Earnings
- 4/9/24 - Beat
AEHR
Sec Filings
- 4/18/24 - Form 4
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- AEHR's page on the SEC website