ASML (ASML.US) ADRs jumped over 6.0% after the chipmaker posted better than expected quarterly earnings and revenue figures including record new orders.
- Company earned $4.23 per share on revenue of $5.69 billion. Analysts polled by FactSet expected ASML earnings of $3.75 a share on sales of $5.49 billion. Last year, ASML earned $4.97 a share on sales of $6.1 billion.
- For the current quarter, the company expects revenue of $6.23 billion, based on the midpoint of its outlook, below market estimates of $6.375 billion.
- Also the company does not expect to be negatively affected by the latest US restrictions on sales of advanced chips to China.
ASML (ASML.US) stock rose sharply during today's session following the release of solid quarterly figures. If bulls manage to uphold current momentum, then resistance at $458.75 may be at risk. Source: xStation5
