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27.04
4.42%
-1.25
After Hours:
26.58
-0.46
-1.70%
Why is ACM Research Inc (ACMR) Stock down?
We've noticed a 5.55% decline in ACM Research Inc (ACMR) stock during the 2024-04-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
27 Oct, 2023:
Shares of ACM Research, Inc (ACMR) dropped by 21.92% from $17.56 to $13.71 in the trading on Friday, October 27, 2023. The reason why ACMR stock down is due to the company's disappointing preliminary revenue numbers. In an update prior to its third-quarter earnings report, ACM Research stated that it expected revenue in the range of $165 million to $168 million, missing analyst consensus expectations of $173.7 million. Despite falling short of expectations, the company still reported solid growth, with revenue up 24.5% compared to the same quarter a year ago.
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