ACM Research stock on track for biggest percentage gain since March, 2018 after setting upbeat guidance for 2023
ACM Research stock rallied 30% Tuesday, putting it on track for its biggest one-day percentage increase since March 6 of 2018, after the company backed revenue guidance for 2022 and set guidance for 2023 that exceeded the current consensus estimate. The Fremont, Calif.-based supplier of wafer processing for semiconductor and advanced wafer-level packaging software, said it expects 2023 revenue to range from $515 million to $585 million, ahead of the FactSet consensus of $429.8 million. It still