Several companies are set to report earnings, including 3M, DR Horton, General Electric, Halliburton, Invesco, Johnson & Johnson, Kennametal, Procter & Gamble, RTX, and Verizon. ASML reported a 30% increase in 2023 revenue but forecasts flat sales for 2024 due to U.S.-China tech tensions and Dutch export curbs. ASML's Q4 revenue was €6.67B, with net profit up 9% YoY to €2B, exceeding estimates. The company's orders grew 3x QoQ to €9B+ and it added $30bn to its market cap. Strong demand at ASML indicates a coming chip upswing, with bookings rising to a record €9.2B in Q4, aided by strong demand for its most advanced EUV machines. Despite a US-Netherlands deal to limit ASML's China exports, the Dutch let ASML export to China after lobbying to make up for weak demand elsewhere. ASML's stock has risen over 10% to reach a $350B+ market cap on the AI boom, making it Europe's third most valuable company and up over 19% in 2024.
ASML's stock rises 10%+ to reach a $350B+ market cap on the AI boom, becoming Europe's third most valuable company; ASML is up 19%+ in 2024 (@damasoni / Reuters) https://t.co/3Uqm6CPLQz 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/7ESblDD5uW
Sources: despite a US-Netherlands deal to limit ASML's China exports, the Dutch let ASML export to China after lobbying, to make up for weak demand elsewhere (Bloomberg) https://t.co/HpZ379xQDI 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/wvS4ioKf9h
A secret agreement between the US and the Netherlands last year to limit ASML’s deliveries to China didn’t stop a surge in sales of its sensitive chipmaking equipment. The deal, which hasn’t been reported before, stumbled as ASML turned to Beijing to compensate for weak demand… https://t.co/X4N3mYVV4Z
$ASML (+1.1% pre) ASML’s China Sales Surged Despite Secret Dutch Deal With US - BBG https://t.co/EGUQjInM3Q
ASML’s China Sales Surged Despite Secret Dutch Deal With US https://t.co/5NMxxdleKg
A secret agreement between the US and the Netherlands last year to limit ASML’s deliveries to China didn’t stop a surge in sales of its sensitive chipmaking equipment https://t.co/BfR4XlmVEQ
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ASML's $ASML bookings rose to a record €9.2B in Q4, up from €2.6B in Q3. Strong demand for its most advanced EUV machines, with orders of €5.6B, aided this surge.
Strong demand at ASML points to the coming chip upswing https://t.co/k0GDMgb49o | opinion
$ASML ASML Holding N.V. Earnings Call Key Highlights: Financial Performance - Q4 2023 and Full Year 2023:Net sales: EUR 7.2 billion in Q4, exceeding guidance; Full-year net sales grew 30% to EUR 27.6 billion. Gross margin: 51.4% in Q4, above guidance; Full-year gross margin at… https://t.co/F6DvsfXovZ
Strong demand at ASML points to the coming chip upswing https://t.co/CMz7KYYykP
$ASML orders stronger than expected, stock up 10% Orders rose to EUR9.19 billion in 4Q vs 2.6bn in prior quarter... This is the only company that makes advanced lithography equipment, selling to $INTC, Samsung, $TSM, etc Added $30bn to market cap! https://t.co/dOmrwpMpnN
$ASML ASML's earnings: ASML (ASML) reported a 30% increase in 2023 revenue but forecasts flat sales for 2024, impacted by U.S.-China tech tensions and Dutch export curbs on advanced semiconductor equipment. https://t.co/ld1jncpXhi
ASML reports Q4 revenue of €6.67B and net profit up 9% YoY to €2B, both above est., orders grew 3x QoQ to €9B+, and expects 2024 net sales to be similar to 2023 (@lbsterling / Reuters) https://t.co/jiUjG1FaGk 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/HkMag2b9d1
Earnings tomorrow: $TSLA Tesla $IBM IBM $T AT&T $ASML ASML $PGR Progressive
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$ASML earnings soon. https://t.co/ld1jncqv6Q
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