Benzinga | Nov 5, 2020 05:52PM EST

ACM Research Q3 Adj. EPS $0.42 Beats $0.37 Estimate, Sales $47.66M Beat $45.47M Estimate

ACM Research (NASDAQ:ACMR) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.37 by 13.51 percent. This is a 20.75 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $47.66 million which beat the analyst consensus estimate of $45.47 million by 4.83 percent. This is a 42.59 percent increase over sales of $33.43 million the same period last year.