Aehr Stock Rockets 32% as Earnings Fly By Expectations
Aehr Test Systems (NASDAQ: AEHR) stock soared 32.1% on Friday, powered by the semiconductor test and reliability qualification equipment supplier's prior-afternoon release of a better-than-expected report for its second quarter of fiscal 2023.
Both revenue and earnings easily beat Wall Street's consensus estimates, and management reiterated its full-year guidance.
Investors are enthused -- and rightly so, in my view -- about Aehr's potential to get a long-term tailwind from the electric vehicle (EV) revolution. The company is experiencing growing demand for its equipment from manufacturers of silicon carbide semiconductors, which are increasingly being used in EVs.
Source Fool.com
