⁍ ASM raised its guidance for fourth quarter sales to 330-350 million euros.
⁍ It previously saw fourth-quarter sales in line with the third quarter.
⁍ The gross profit margin in the third quarter stood at 49.9%, up from 48.3% in the previous quarter.
– ASM International’s third-quarter sales fell 8%, but the Dutch semiconductor manufacturing equipment supplier still expects fourth-quarter sales to rise thanks to strong demand for its wafer fabrication equipment, Reuters reports. The company, which supplies equipment to Intel and Apple, raised its guidance for fourth-quarter sales to between $735 million and $740 million, up from its previous guidance of $700 million to $700 million. “Supported by a continued healthy market development in the second half, we now expect the wafer fab equipment (WFE) market to grow with a high single to low double digit percentage in 2020,” the company said in a statement.
Source: https://www.reuters.com/article/asm-intl-results/update-1-asmi-raises-q4-guidance-on-expectations-of-strong-demand-idUSL1N2HJ25R