ASM shares rose as much as 5.8% to €722.20 in Amsterdam on Wednesday.
(March 4): ASM International NV forecasted revenue for the first quarter that beat analysts’ estimates, boosted by higher demand from China and continued artificial intelligence investments.
The Dutch chip equipment maker anticipates revenue of €830 million in the January-to-March quarter, with a range of 4% above or below that level, according to a statement after market hours Tuesday (March 3). That compares with the average €767 million analyst estimate, according to data compiled by Bloomberg. ASM expects revenue to grow throughout the year, with second-quarter sales higher than in the current period and better performance in the second half than in the first.
