BUZZ-Aehr Test Systems drops on lower Q2 results
ReutersJan 13, 2025 10:31 PM
** Shares of semiconductor testing company Aehr Test Systems AEHR.O fall 11.13% to $14.21 in after-hours trading
** Company reports Q2 net revenue of $13.5 mln compared to $21.4 mln in the same period last year
** Posts adjusted Q2 net income of 2 cents/shr, vs 23 cents/shr a year ago
** "Growth in silicon carbide sales outside of China should remain challenging before recovering in calendar 2026" - CEO Gayn Erickson
** Company reiterates its prior annual forecast for total revenue and adjusted profit
** AEHR stock fell 37.32% in 2024
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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