Investing.com - ASM reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ASM announced earnings per share of €2.74 on revenue of €491.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of €2.6 on revenue of €477.31M.
ASM shares are down 26% from the beginning of the year and are trading at €285.90 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 6.7% from the start of the year.
ASM follows other major Information Technology sector earnings this month
ASM's report follows an earnings beat by BE Semiconductor on Friday, who reported EPS of €0.8 on revenue of €171.73M, compared to forecasts EPS of €0.7129 on revenue of €175.46M.
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