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ASML Grows Sales Despite Memory Weakness

TheMotleyFool

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ASML Grows Sales Despite Memory WeaknessPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Dutch semiconductor equipment supplier ASML Holding (NASDAQ: ASML) reported mixed third-quarter results on Wednesday morning. While revenue was up, driven by system sales to logic customers, a weak memory chip market continued to weigh on the company's results. Uncertainty still reigns supreme in the memory business, although ASML does expect to grow total revenue this year.

During the second quarter, ASML's system sales declined while its net service and field option sales rose. That was flipped on its head during Q3, driving overall revenue higher.

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Source Fool.com

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