A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.
Peter Boer | Bloomberg | Getty Images
Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter.
Here’s how ASML did versus LSEG consensus estimates for the fourth quarter:
- Net sales: 9.26 billion euros versus 9.07 billion euros expected.
- Net profit: 2.69 billion euros versus 2.64 billion euros expected.
ASML suffered losses during a global tech sell-off earlier in the week after Chinese startup DeepSeek’s low-cost AI application triggered questions over competitiveness and U.S. leadership in the sector.
This breaking news story is being updated.
This article was originally published by Cnbc.com. Read the original article here.