Investing.com - ASM reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ASM announced earnings per share of €1.5 on revenue of €341.81M. Analysts polled by Investing.com anticipated EPS of €1.41 on revenue of €328.21M.
ASM shares are up 39% from the beginning of the year , still down 7.87% from its 52 week high of €151.25 set on July 21. They are outperforming the STOXX 600 which is down 11.58% from the start of the year.
ASM follows other major Technology sector earnings this month
ASM's report follows an earnings missed by ASML Holding on July 15, who reported EPS of €1.79 on revenue of €3.33B, compared to forecasts EPS of €2.01 on revenue of €3.4B.
TomTom had beat expectations on July 15 with second quarter EPS of €-0.33 on revenue of €124.02M, compared to forecast for EPS of €-0.37 on revenue of €127.32M.
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