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ASML beats Q1 earnings estimates, but chip market uncertainty weighs on outlook.

1 min read
Source: Yahoo Finance
TL;DR

ASML Holding NV reported a threefold jump in net profit to €1.96bn ($2.15bn) on revenue up 91% at €6.74bn, beating first-quarter earnings forecasts on continued strong demand for its chip making equipment. However, the company noted some signs of caution among customers, with some major companies delaying the timing of their demand for certain tools. Despite this, ASML kept a forecast for 25% sales growth this year, with sales of €6.5-€6.7bn in the second quarter.

Topics:business#asml#business#chip-making-equipment#net-profit#revenue#semiconductor-industry
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  1. ASML beats Q1 earnings estimates, customers "adjusting" orders due to chip market  Yahoo Finance
  2. ASML beats first-quarter earnings estimates, customers 'adjusting' orders due to chip market  CNBC
  3. ASML Beats Expectations but Uncertainty in Chips Sector Weighs on Stock  Barron's
  4. ASML Shares Decline on Concerns About Chip Market Outlook  Yahoo Finance
  5. ASML Holding beats Q1 top and bottom line estimates; initiates Q2 and reaffirms FY23 outlo  Seeking Alpha

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