ASML Orders Miss Forecasts as Chip Makers Await Demand Recovery
Provided by
Dow Jones
By Mauro Orru
ASML Holding posted orders below analysts' expectations for the first quarter as chip makers wait for demand to recover before securing key equipment to cover their production needs for the coming months and years.
The Dutch company, which makes equipment for chip makers, said orders slipped to 3.61 billion euros ($3.83 billion) in the three months to the end of March from EUR3.75 billion a year earlier. Analysts had forecast orders of nearly EUR5.10 billion, according to consensus estimates by Visible Alpha.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
April 17, 2024 01:29 ET (05:29 GMT)
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