ASML : Major misstep, disappointing orders and downgrade for 2025, but the impact is relatively under control ultimately …
>Unpleasant surprise, but impact more under control than feared, 2025-2026 outlook cut by 10% and target lowered to € 950, Outperform rating maintained - ASML yesterday mistakenly issued its Q3 2024 results release during trading. It contained good Q3 results and satisfactory Q4 guidance, but also very disappointing orders (even relative to our forecast which was actually lower than the consensus) and a downgrade to its 2025 guidance to the lower end of the range (€ 3...ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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