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ACM Research (NASDAQ:ACMR) reported its Q3 earnings results on Thursday, November 4, 2021 at 04:05 PM.
Here's what investors need to know about the announcement.
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Earnings
ACM Research their estimated earnings by 43.59%, reporting an EPS of $0.56 versus an estimate of $0.39, which surprised analysts.
Revenue was up $19,348,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.1, which was followed by a 4.29% drop in the share price the next day.
Here's a look at ACM Research's past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.29 | 0.20 | 0.27 | 0.37 |
| EPS Actual | 0.19 | 0.35 | 0.29 | 0.42 |
| Revenue Estimate | 53.49M | 42.58M | 42.15M | 45.47M |
| Revenue Actual | 53.86M | 43.73M | 45.56M | 47.66M |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.