By Ben Glickman
Aehr Test Systems reported that first-quarter profit rose and revenue jumped 93%. The semiconductor burn-in equipment maker reaffirmed its fiscal 2024 guidance, despite the top- and bottom-line bump. Shares fall 12% to $38.85 after-hours.
CalAmp’s second-quarter revenue fell 15% to $61.7 million, missing analysts’ estimates, and the asset-tracking software company reported another quarterly loss. The company expects its revenue and adjusted earnings to fall sequentially in the fiscal third quarter. Shares decline 12% to 40 cents after-hours.
Cano Health said it had filed preliminary proxy statements on holding a vote to allow the board to effect a 1-for-60 reverse stock split. If shareholders approve the measure, Cano’s board will have the ability to adjust the ratio down to 1-for-5 and up to 1-for-100 as the company seeks to regain compliance with the New York Stock Exchange’s price requirement for listing. Shares fell 6% to 24 cents after-hours.
Write to Ben Glickman at [email protected]
Read the full article here
