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Semiconductor equipment company ASM's international orders fell below expectations.
Jin10 data on July 23 reported that ASM International's second quarter orders fell short of analysts' expectations. The Dutch semiconductor manufacturing equipment supplier's order volume was 702.5 million euros (approximately 821.7 million USD), representing a year-on-year decline of 4% at constant exchange rates. According to widespread predictions from Visible Alpha, analysts had previously expected orders to reach 842.9 million euros. At constant exchange rates, the company's revenue rose by 23% to 835.6 million euros, exceeding analysts' expectations. The group anticipates that revenue for the current quarter will be flat compared to the second quarter or decline by at most 5%. The company's net profit increased from 159 million euros to 202.4 million euros, which is higher than analysts' expectations. The group continues to expect that sales growth for the year will be between 10% and 20% on a year-on-year basis at constant exchange rates and indicates that it may reach the midpoint of this range.
ASM-8.44%