Investing.com - Amtech reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Amtech announced earnings per share of $0.300 on revenue of $32.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.110 on revenue of $30M.
Amtech shares are up 10% from the beginning of the year and are trading at $9.810 , down-from-52-week-high.
Amtech shares lost 10.33% in after-hours trade the report.
Amtech follows other major Information Technology sector earnings this month
Amtech's report follows an earnings missed by NVIDIA on November 16, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on November 16 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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