Tokyo Electron Ltd

8035: XTKS (JPN)
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Tokyo Electron Earnings: Chipmakers' Robust Equipment Demand Keeps Us Positive; Fair Value Up 7%

Tokyo Electron's fiscal first-quarter revenue of JPY 732 billion and operating margin of 29% were up a respective 33% and 254 basis points year on year. Shares closed 6% higher the day after earnings.

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