ACM Research Inc. (ACMR) stock surged 10.07% in the pre-market session on Wednesday, following the company's impressive fourth-quarter earnings results and positive revenue outlook for the fiscal year.
The semiconductor equipment manufacturer reported Q4 revenue of $223.471 million, surpassing analysts' expectations of $194.9 million. The strong top-line performance was accompanied by robust profitability metrics, with operating income of $43.989 million, net income of $31.08 million, and a gross margin of 49.6%.
Additionally, ACM Research provided an upbeat outlook for fiscal 2025, projecting revenue in the range of $850 million to $950 million. The company's solid financial performance and promising revenue guidance fueled investor confidence, driving the significant pre-market stock rally.
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