ASML has released a good and reassuring publication, in line with consensus, and remains well on track to achieve its full-year guidance. We particularly appreciate the level of net bookings that reached a new record high, providing more visibility to achieve the 2020 objectives. However, Memory demand remains weak and we believe further improvements are needed on that side to justify a strong re-rating.
16 Oct 2019
Q3 release: on track to achieve FY guidance
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Q3 release: on track to achieve FY guidance
ASML Holding NV (ASML:WBO) | 0 0 1.0% | Mkt Cap: 67,287m
- Published:
16 Oct 2019 -
Author:
Hugo Paternoster -
Pages:
3
ASML has released a good and reassuring publication, in line with consensus, and remains well on track to achieve its full-year guidance. We particularly appreciate the level of net bookings that reached a new record high, providing more visibility to achieve the 2020 objectives. However, Memory demand remains weak and we believe further improvements are needed on that side to justify a strong re-rating.