ASMI’s third-quarter reservations defeat assumptions, ups recommendation

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(Reuters) – Chip- making instruments supplier ASM International (ASMI) projection larger fourth-quarter recommendation after third-quarter reservations defeat assumptions as AI stays to drive premium orders.

The Dutch agency presently anticipates fourth-quarter gross sales in a spread in between 770 million euros and 810 million euros ($ 832.14 million to $875.37 million) resulting in a 15% rise for the 2nd fifty % of the 12 months contrasted to the very first fifty %, whereas third-quarter reservations bought to 815 million euros, defeating quotes of 786 thousands and thousands euros in line with a company-compiled settlement.

($ 1 = 0.9253 euros)

(Reporting by Nathan Vifflin; modifying and enhancing by David Evans)



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