Watching ASML; Shares Move Higher As Company Peer ASM International Reports Q3 Orders Of €815.3 Million Vs €768.8 Million Est.; Q4 Expected Revenue Of €770 Million - €810 Million; Expects Revenue To Be In Range Of €3.2 Billion - €3.6 Billion For 2025
Portfolio Pulse from Benzinga Newsdesk
ASM International reported Q3 orders of €815.3 million, surpassing expectations. The company forecasts Q4 revenue between €770 million and €810 million, and anticipates 2025 revenue to be in the range of €3.2 billion to €3.6 billion. This positive outlook has led to a rise in ASML's shares.
October 29, 2024 | 5:12 pm
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POSITIVE IMPACT
ASM International reports Q3 orders of €815.3 million, exceeding expectations, and provides a positive revenue forecast for Q4 and 2025.
ASM International's strong Q3 orders and positive revenue forecasts directly impact its stock positively. The company's performance indicates robust demand and growth potential, likely leading to a rise in its stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ASML shares are moving higher following ASM International's strong Q3 orders and positive revenue forecasts for Q4 and 2025.
ASM International's strong performance and positive outlook are likely to have a positive impact on ASML, as they are peers in the semiconductor industry. Investors may see this as a sign of strength in the sector, boosting ASML's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80