ACM Research, Inc. (ACMR), a provider of wafer processing solutions, has revised its revenue projections for the year, surpassing analysts' expectations. In pre-market trading, the company's shares increased by over 5%.
As detailed in a statement released on Tuesday, ACM Research has elevated its full-year revenue forecast to a range of $755 million to $770 million, compared to the previous guidance of $725 million to $745 million.
Analysts, on average, project the company's annual revenue to reach approximately $740 million. These projections generally exclude any extraordinary items.
Looking ahead to the fiscal year 2025, ACM Research anticipates revenue between $850 million and $950 million, while the consensus among analysts estimates revenue at $902.95 million.
On Monday, ACM Research's stock concluded trading at $15.49, reflecting a decline of 0.83%. Over the past year, the stock has fluctuated between $13.87 and $34.40.
