ASML expects flat 2024 revenue due to demand uncertainty

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ASML expects flat 2024 revenue due to demand uncertainty
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The Dutch semiconductor-equipment maker posted a net income for the third quarter of 1.89 billion euros ($2.0 billion), slightly higher than expected.

ASML Holding said it expects revenue next year to be similar to 2023 given uncertainty around demand recovery in the semiconductor industry but posted better-than-expected net income for the third quarter.

The Dutch semiconductor-equipment maker on Wednesday posted a net income for the third quarter of 1.89 billion euros compared with EUR1.94 billion for the second quarter. Analysts polled by FactSet had expected EUR1.82 billion. Gross margin for the third quarter was 51.9% compared with 51.3%, while guidance had been around 50%, it said.

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