Why Aehr Test Systems Stock Plunged Today

Shares of Aehr Test Systems (AEHR -16.82%) fell 16.8% on Wednesday after the semiconductor test equipment company's weak forward outlook overshadowed an otherwise solid quarterly report.For Aehr's fiscal second quarter 2024 ended Nov. 30, 2023, revenue grew 45% year over year to $21.4 million, translating to adjusted non-GAAP (generally accepted accounting principles) net income of$6.7 million, or $0.23 per share. Analysts, on average, were only expecting earnings of$0.19 per share on revenue of $20.9 mil ...