India, Feb. 26 -- ACM Research, Inc. (ACMR) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $31.080 million, or $0.46 per share. This compares with $17.700 million, or $0.26 per share, last year.
Excluding items, ACM Research, Inc. reported adjusted earnings of $37.740 million or $0.56 per share for the period.
Analysts on average had expected the company to earn $0.39 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 31.2% to $223.471 million from $170.321 million last year.
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ACM Research, Inc...