Why Aehr Test Systems Stock Is Soaring Today
Shares of Aehr Test Systems (NASDAQ: AEHR) were skyrocketing this morning after the company reported better-than-expected first-quarter fiscal 2022 results late yesterday. The company's bookings hit a new record, and management raised its revenue guidance for the full year as a result of the strong quarter.
The tech stock was up an astonishing 33.7% at 11:49 a.m. EDT.
Aehr Test Systems reported net revenue of $5.6 million in the quarter, a 181% jump year over year. Additionally, the company's bookings reached a record $20.7 million in the quarter.
Source Fool.com
