Investing.com - ASM reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ASM announced earnings per share of €1.67 on revenue of €346.61M. Analysts polled by Investing.com anticipated EPS of €1.52 on revenue of €330.42M.
ASM shares are down 5% from the beginning of the year and are trading at €227.60 , down-from-52-week-high.They are under-performing the IBEX 35 which is up 3.02% from the start of the year.
ASM follows other major Technology sector earnings this month
ASM's report follows an earnings beat by Adyen on February 10, who reported EPS of €5.32 on revenue of €210M, compared to forecasts EPS of €5.09 on revenue of €383M.
TomTom had missed expectations on February 4 with fourth quarter EPS of €-0.2076 on revenue of €125.43M, compared to forecast for EPS of €0.0886 on revenue of €133.13M.
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