Investing.com - Acm Research reported second quarter earnings that beat analyst's expectations on Tuesday and reported revenue that topped forecasts.
The firm reported earnings per share of $0.16 on revenue of $20.87M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $18.3M.
That compared to EPS of $-0.03 on revenue of $8.76M in the same period a year earlier.
The firm had reported EPS of $-0.04 on revenue of $9.74M in the previous quarter.
Acm Research shares lost 0.47% to trade at $14.67 in intra-day trade following the report.
For the year, Acm Research shares are up 179.43%, outperforming the Nasdaq which is up 13.29% year to date.
Acm Research follows other major earnings reports from the Capital Goods sector this month
Boeing (NYSE:BA) reported second quarter earnings that beat analyst's expectations on July 25. The company reported revenue that topped forecasts. The firm reported EPS of $3.33 on revenue of $24.26B compared to forecasts of EPS of $3.25 on revenue of $24.04B
3M reported second quarter earnings that beat analyst's expectations on July 24. The company reported revenue that was inline with forecasts. The firm reported EPS of $2.59 on revenue of $8.39B compared to forecasts of EPS of $2.58 on revenue of $8.39B