ACM Research Raises Annual Revenue Outlook Above View; Stock Up In Pre-market

(RTTNews) - ACM Research, Inc. (ACMR), a supplier of wafer processing solutions raised its full-year revenue outlook above analysts' view. The company's shares were more than 5 percent up in pre-market.

In a statement on Tuesday, ACM Research increased its revenue outlook for the full year to the range of $755 million - $770 million from $725 million - $745 million guided earlier.

On average, 8 analysts expect the company to report revenue of $740 million for the year. Analysts' estimates typically exclude special items.

For fiscal 2025, the company sees revenue in the range of $850 million to $950 million. The consensus estimate stands at $902.95 million.

ACM Research stock had closed at $15.49, down 0.83 percent on Monday. It has traded in the range of $13.87 - $34.40 in the last 1 year.