Aehr Test Systems ($AEHR) reported its Q2 FY25 results, revealing an adjusted earnings per share (EPS) of $0.02, which fell short of the $0.04 estimate. The company's revenue was reported at $13.45 million, missing the forecast of $15.03 million. This performance led to a net loss of $1.03 million and a 37% year-over-year revenue decline. Following these disappointing results, Aehr's stock experienced a pre-market drop of 20.9%. Additionally, the company announced it secured its first AI processor customer and received orders for GaN semiconductor burn-in solutions. In related earnings reports, Calavo Growers ($CVGW) also missed its adjusted EPS estimate of $0.30, posting $0.05, while its revenue of $169.96 million exceeded expectations of $161.93 million. Other companies like Community Trust Bancorp ($CTBI) and Synovus Financial ($SVN) reported mixed results, with CTBI beating EPS estimates and SVN exceeding both EPS and revenue forecasts.
$SVN Synovus Finl Q4 2024 Adj EPS $1.25 Beats $1.15 Estimate Sales $580.58M Beat $566.59M Estimate
$HOMB Home BancShares Q4 2024 Adj EPS $0.50 Misses $0.52 Estimate Sales $258.36M Beat $256.70M Estimate
$CVGW (-7.1% pre) Calavo Growers earnings missed by $0.25, revenue topped estimates - inv https://t.co/5jWlxH96Il