ASML shares close at record high after earnings beat, orders pop By Reuters
From Investing.com:
ASML Holding shares surged by nearly 10% to a record high following fourth-quarter earnings that exceeded expectations and a growing order backlog indicating a recovery in the computer chip market. The Dutch company’s net profit increased to 2.0 billion euros with sales of 7.2 billion euros, topping analyst expectations. Orders for its most advanced equipment also increased significantly, dispelling doubts about its technology progression outlook. Sales to China are expected to be impacted by new export restrictions, affecting up to 15% of its China sales.
Read more: ASML shares close at record high after earnings beat, orders pop By Reuters