Apr 17, 07:45 AM

ASML Reports Profit Beat (EPS 3.31) but Misses Sales Expectations (Rev. 5.62B), Forecasts Semiconductor Rebound

ASML, a critical chip firm, reported a profit beat but missed sales expectations with a 22% drop. The company forecasts a semiconductor rebound after a disappointing first quarter. ASML's EPS beat forecasts at 3.31 compared to 3.24, but revenue fell short at 5.62B versus 5.97B. The market cap stands at 367.78B. The CEO anticipates a stronger second half of the year, expecting 2024 to be a transition year. ASML's orders plunged as chipmakers delayed high-end gear purchases, particularly in Taiwan and South Korea. Despite the missed targets, ASML attributes it to a 'transition year.'

#ASML #Taiwan #South Korea

Written with ChatGPT (GPT-3).