ASML reported a decline a profit decline in the third quarter but beat estimates as it forecast 2024 revenue to be flat.
ASML reported a profit decline in the third quarter, but beat estimates as it forecast 2024 revenue will be flat.
The Dutch firm has also been caught up in the tensions over technology between the U.S. and China because of how important its tools are.reported a year-on-year rise in profit in the third quarter and beat analyst estimates, but forecast 2024 revenue will be flat. ASML shares were down nearly 4% just after 8 a.m. London time, as rising geopolitical concerns offset the profit rise.Net sales: 6.67 billion euros versus 6.71 billion euros expectedNet sales rose 15.5% from the 5.78 billion euro reported in the same period a year earlier. Net profit jumped around 11% from the 1.7 billion euros reported in the same period a year earlier.
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