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Aehr Test System Shares Climb On Strong Q2 Results, Forward Guidance, Acquisition, Order Announcements
Aehr Test Systems (NASDAQ:AEHR) shares are trading higher after the company reported its second-quarter financial results Tuesday. Here's a look at the key figures from the report.
The Details: Aehr reported quarterly earnings of 84 cents per share which beat the analyst consensus estimate of 10 cents by 740%.
Quarterly sales came in at $16.6 million, which beat the analyst consensus estimate of $15.442 million by 7.5%. Bookings were $4 million for the quarter and backlog as of May 31, 2024, was $7.3 million. Effective backlog, which includes all orders received since the end of the fourth quarter, ...