ASM International: stock bubbly after Q3 results
(CercleFinance.com) - ASM International shares are up 6% in Amsterdam today, after the group published Q3 2023 net profit of E129.
6m, miles better than a loss of E150.5m announced a year ago.
On a normalized basis, the semiconductor equipment supplier's operating margin fell by one point to 25.3%, on sales of E622.3m, up 9% at constant exchange rates.
For FY 2023, ASM International expects an operating margin of "at least" 26%, a bit better than the previous estimate of 26% or "slightly less".
Copyright (c) 2023 CercleFinance.com. All rights reserved.
6m, miles better than a loss of E150.5m announced a year ago.
On a normalized basis, the semiconductor equipment supplier's operating margin fell by one point to 25.3%, on sales of E622.3m, up 9% at constant exchange rates.
For FY 2023, ASM International expects an operating margin of "at least" 26%, a bit better than the previous estimate of 26% or "slightly less".
Copyright (c) 2023 CercleFinance.com. All rights reserved.