Why Aehr Test Systems Stock Was a Winner This Week
Fueled by a post-earnings share price surge, Aehr Test Systems (NASDAQ: AEHR) was quite the outperforming stock this week. According to data compiled by S&P Global Market Intelligence, it ended the week with a nearly 14% gain.
After market hours on Thursday, Aehr reported its fiscal 2023 second-quarter results, and they were impressive. The company, which is doing a brisk business with its testing products for manufacturers in the hot electric vehicle (EV) market, trounced analysts' consensus estimates for both revenue and net income. It also posted a robust 54% year-over-year top-line increase, and guided for continued strong profitability across the remainder of its fiscal year.
As if to bolster the argument that it's a company on the move, Aehr concurrently announced that it had scored a follow-on production order from one of its customers. It will provide this entity, which was identified only as its "second major silicon carbide semiconductor customer," with its FOX-XP multi-wafer test and burn-in system.
Source Fool.com
