Amtech Systems Earnings: Here’s Why Investors Don’t Like These Results
Amtech Systems Inc. (NASDAQ:ASYS) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.62%.
Amtech Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-1.27 in the quarter versus EPS of $-0.31 in the year-earlier quarter.
Revenue: Decreased 57.2% to $10.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Amtech Systems Inc. reported adjusted EPS loss of $1.27 per share. By that measure, the company missed the mean analyst estimate of $-0.34. It beat the average revenue estimate of $8.59 million.
Quoting Management: Mr. Fokko Pentinga, Chief Executive Officer of Amtech, commented, “Our healthy bookings for the quarter include a significant order for the Nexolon project in San Antonio, Texas, which we expect to ship in the first half of fiscal 2014. Obtaining the second customer for n-PASHA cell technology and a production order for our new PECVD system is a great milestone for Amtech, underscoring that Amtech is on the right technology path as the solar market progresses towards higher value solutions.”
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