Investing.com - ASM reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ASM announced earnings per share of €2.92 on revenue of €559.5M. Analysts polled by Investing.com anticipated EPS of €2.91 on revenue of €556.49M.
ASM shares are down 38% from the beginning of the year, still down 45.29% from its 52 week high of €438.70 set on November 18, 2021. They are under-performing the AEX which is down 12.97% from the start of the year.
ASM follows other major Information Technology sector earnings this month
ASM's report follows an earnings beat by ASML Holding on Wednesday, who reported EPS of €3.54 on revenue of €5.43B, compared to forecasts EPS of €3.46 on revenue of €5.33B.
TomTom had beat expectations on Friday with second quarter EPS of €0.0552 on revenue of €132.6M, compared to forecast for EPS of €-0.0828 on revenue of €135.18M.
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