Amtech Systems (ASYS) Releases Earnings Results, Beats Expectations By $0.33 EPS

Amtech Systems (ASYS) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $-0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.33. Analysts had a consensus of $-0.44. The company posted revenue of $22.48 million in the period, compared to analysts expectations of $21.15 million. The company’s revenue was down -7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.19 EPS.

Amtech Systems opened for trading at $5.72 and hit $6.2 on the upside on Wednesday, eventually ending the session at $6.09, with a gain of 7.79% or 0.44 points. The heightened volatility saw the trading volume jump to 59,722 shares. Company has a market cap of $80 M.

In a different news, on Sep 15, 2015, Robert F King (director) purchased 2,000 shares at $4.87 per share price. According to the SEC, on May 27, 2015, Bradley Clark Anderson (Chief Financial Officer) sold 20,002 shares at $11.82 per share price. On May 22, 2015, Jong S Whang (Executive Chairman) sold 65,613 shares at $11.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Amtech Systems Inc. (Amtech) is a manufacturer of capital equipment including thermal processing silicon wafer handling automation and ion implant equipment and related consumables used in fabricating solar cells LED and semiconductor devices. Semiconductors or semiconductor chips are fabricated on silicon wafer substrates sliced from ingots and are part of many products including solar cells computers telecommunications devices automotive products consumer goods and industrial automation and control systems. The Company’s wafer handling thermal processing and consumable products address the diffusion oxidation and deposition steps used in the fabrication of solar cells light emitting diodes (LEDs) semiconductors microelectromechanical systems (MEMS) and the polishing of newly sliced silicon wafers. It operates through six subsidiaries: Tempress Systems B.V. P.R. Hoffman Machine Products Inc. Bruce Technologies Inc. R2D Automation Solaytec and BTU International.

Amtech Systems

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