ASML Just Delivered Excellent News for Micron Stock Investors
ASML (NASDAQ:ASML) reported third-quarter earnings Wednesday morning, and the news should reassure investors worried that the AI boom might be slowing down.
Revenue jumped 55% to 11.66 billion euros, which was slightly below estimates at 11.72 billion euros. The stock also fell 4% on Wednesday, in line with a broader sell-off in the tech sector on a hotter-than-expected Consumer Price Index (CPI) reading. On the bottom line, its earnings per share surged from 5.48 euros to 12.93 euros, well ahead of the consensus of 10.76 euros, a bullish sign.
Gross margin in the quarter expanded by 51.6% to 57.5%, and with operating expenses nearly flat, the operating margin expanded from 32.8% to 44.4%.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.