The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

ASML Stock Nears New Highs As European Chip Giant Sets For Big Turnaround

News Snapshot:

If you were to judge ASML (ASML) stock from its sales and earnings, it would be hard to believe it belongs in the IBD Big Cap 20. X FactSet data shows a mix of gains and declines in quarterly performance for the Netherlands-based chip equipment provider. That data includes a 5% decline in 2022 earnings per share. (ASML reports its results in euros.) But analysts now expect a robust 2023. The consensus estimate for first-quarter earnings is €20.06 per share, an increase of more than 30% from a forgettable 2022. Last year, the company wrestled with Chinese trade restrictions and…

Other China Tech Buzz: