Chip Gear Maker ASML Beats and Raises, Yeah it Matters
Date Published: 2018-10-17
Written by: Ophir Gottlieb
LEDEASML Holding reported third quarter results today, and beat EPS, revenue and guidance estimates. This is the second large chip related company that has beaten earnings in the last 24 hours, the first was Lam Research (LRCX).
EARNINGS NUMBERS* Revenue: $3.23 billion vs $$3.18 billion (beat estimates)
* EPS: $1.86 vs $1.80 (beat estimates)
* Revenue: $3.46 billion vs $$3.43 billion (upward guidance)
Here is a revenue (TTM) chart for ASML, before this latest data. We can see the cyclical nature of the industry -- what we cannot yet see is if a cycle is ending.
All financial charts are available Here
MEMORY - YES, MEMORYThe company further noted:
So far, the disaster that was bearing down on us from memory does not seem to be coming to fruition, and that's good news for the bulls.
WHY THIS MATTERSIt's understanding technology that gets us an edge to find the "next Apple," or the "next Amazon." This is what CML Pro does. We are members of Thomson First Call -- our research sits side by side with Goldman Sachs, Morgan Stanley and the rest, but we are the anti-institution and break the information asymmetry.
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Thanks for reading, friends.
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