ASMPT Ltd

00522: XHKG (HKG)
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ASMPT Earnings: Timing of Turnaround Delayed; Encouraging New Orders

ASMPT’s third-quarter revenue declined by 3.7% year over year, with earnings per share up 50%. Management guided to fourth-quarter revenue, implying a 3.5% decline, whereas we had been looking for a quicker turnaround.

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