ACM Research Shares Plunge on Disappointing Earnings Report

Investors in semiconductor equipment maker ACM Research were met with an unpleasant surprise following the company’s latest quarterly results. While the firm demonstrated impressive revenue growth, underlying profitability metrics and a revised outlook sent shares tumbling nearly 20% in a single trading session on November 5th. The dramatic sell-off raises questions about the company’s near-term trajectory amid a challenging industry backdrop.

The third-quarter report presented a conflicting picture. ACM Research posted revenue of $269.16 million, a robust 32% year-over-year increase that comfortably surpassed analyst projections. However, this strong top-line performance masked significant weakness beneath the surface.

The company’s profitability came under intense scrutiny. Adjusted earnings per share Read more...