Why Shares of ACM Research Are Surging Today

Shares of ACM Research (NASDAQ: ACMR) rose on Tuesday after the wafer cleaning technologies provider reported some preliminary results for 2019 and provided an initial outlook for 2020. As of 12:45 p.m. EST, the stock was up about 17%.

ACM expects to report 2019 revenue between $105 million and $107 million, representing year-over-year growth between 41% and 43%. Previously, the company had guided for full-year revenue of $105 million.

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Source Fool.com