Investing.com - ASM reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ASM announced earnings per share of €1.18 on revenue of €314.56M. Analysts polled by Investing.com anticipated EPS of €1.25 on revenue of €311.08M.
ASM shares are up 17% from the beginning of the year, still down 22.45% from its 52 week high of €151.25 set on July 21. They are outperforming the AEX which is down 11.66% from the start of the year.
ASM follows other major Technology sector earnings this month
ASM's report follows an earnings beat by ASML Holding on October 14, who reported EPS of €2.54 on revenue of €3.96B, compared to forecasts EPS of €2.26 on revenue of €3.73B.
TomTom had missed expectations on October 13 with third quarter EPS of €-0.51 on revenue of €147.85M, compared to forecast for EPS of €-0.14 on revenue of €136.1M.
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