Semiconductor equipment maker Aehr Test Systems (AEHR) late Thursday beat Wall Street’s targets for its fiscal fourth quarter. But its sales guidance for the current year came up short. Still, Aehr stock rose in extended trading.
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The Fremont, Calif.-based company earned an adjusted 23 cents a share on sales of $22.3 million in the quarter ended May 31. Analysts polled by FactSet had predicted earnings of 21 cents a share on sales of $22 million. In the year-earlier period, Aehr earned 23 cents a share on sales of $20.3 million.
In after-hours trading on the stock market today, Aehr stock advanced 4.9% to 43.44. During the regular session Thursday, Aehr stock rose 3.9% to close at 41.43.
Earnings report details to follow.
Aehr Stock On IBD Tech Leaders List
Aehr makes semiconductor test and reliability qualification equipment. Its recent growth has come from systems for test…
