Why ASML Stock Jumped Today
Shares of the semiconductor equipment company ASML (NASDAQ: ASML) popped today after the company released its fourth-quarter results (ending Dec. 31) that outpaced Wall Street's expectations. ASML's revenue and earnings were both ahead of analysts' consensus estimates, and the company's CEO said today that cheaper AI models could propel the company ahead even further.
ASML's shares rose by more than 7% today and were up by 4.1% as of 11:03 a.m. ET.
ASML reported fourth-quarter earnings of 6.85 euros per share ($7.14) ahead of analysts' average estimate of 6.72 euros ($7). The company also beat revenue expectations, reporting 9.3 billion euros ($9.7 billion), compared to Wall Street's average estimate of 9.1 billion euros ($9.5 billion).
Source Fool.com
