Investing.com - ASM reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ASM announced earnings per share of €2.92 on revenue of €516.94M. Analysts polled by Investing.com anticipated EPS of €2.86 on revenue of €511.03M.
ASM shares are down 20% from the beginning of the year and are trading at €309.80 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 5.68% from the start of the year.
ASM follows other major Information Technology sector earnings this month
ASM's report follows an earnings missed by ASML Holding on Wednesday, who reported EPS of €1.73 on revenue of €3.53B, compared to forecasts EPS of €2.03 on revenue of €3.71B.
TomTom had missed expectations on April 14 with first quarter EPS of €-0.1934 on revenue of €128.42M, compared to forecast for EPS of €-0.08 on revenue of €134.29M.
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