06:14 AM EST, 11/07/2024 (MT Newswires) -- ACM Research ( ACMR ) reported Q3 non-GAAP earnings Thursday of $0.63 per diluted share, up from $0.57 a year earlier.

Three analysts polled by Capital IQ expected $0.37.

Revenue for the quarter ended Sept. 30 was $204 million, up from $168.6 million a year earlier.

Analysts surveyed by Capital IQ expected $193.4 million.

For 2024, the company now expects revenue in the range of $725 million to $745 million, up from its prior outlook of $695 million to $735 million. Analysts polled by Capital IQ expect $732.4 million.

Shares of the company rose 9% in recent Thursday premarket activity.

Price: 19.00, Change: +0.44, Percent Change: +2.37