Yahoo Finance ASM International First Quarter 2024 Earnings: Beats Expectations
ASM International (AMS:ASM) First Quarter 2024 Results
Key Financial Results
Revenue: €639.0m (down 10.0% from 1Q 2023).
Net income: €173.1m (down 55% from 1Q 2023).
Profit margin: 27% (down from 54% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
EPS: €3.52 (down from €7.71 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ASM International Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 6.8% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with ASM International.
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