Amtech Systems (ASYS) beats earnings and revenue estimates, with shares rising 25.2% this year.

From Nasdaq: 2024-08-07 19:00:04

Amtech Systems (ASYS) reported earnings of $0.08 per share, beating expectations and representing a 260% earnings surprise. The company’s revenues of $26.75 million for the quarter surpassed estimates by 11.45%. Amtech shares have risen 25.2% this year. Future performance depends on management’s earnings call commentary. The outlook for the industry also plays a role.

Investors are looking forward to Nvidia’s (NVDA) quarterly earnings report, expected on August 28. Analysts anticipate earnings of $0.64 per share, up 137% year-over-year, with revenues of $28.24 billion, a 109% increase from the previous year. Nvidia’s performance could impact the semiconductor industry, which currently ranks in the bottom 14% of Zacks industries.



Read more at Nasdaq: Amtech Systems (ASYS) Tops Q3 Earnings and Revenue Estimates