Shares of Amtech spiked 22% at end of trading on Friday after the capital equipment manufacturer’s quarterly profit blew past the Street consensus. Amtech Systems (ASYS) posted earnings per share (EPS) of $0.05 during the first quarter, which came in ahead of the $0.08 net loss per share expected by analysts. Revenue decreased 13.4% year-on-year to $18 million, but topped analysts’ estimates of $16.55 million. This reflected a sequential quarterly revenue growth of 19% on the back of the shipment of Amtech’s 300mm clustered HTR diffusion furnace to a global power semiconductor client. Favorable product mix also helped the company generate a higher gross margin of 41.
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Amtech Systems (NASDAQ:ASYS)
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