3 Green Flags For ASML's Future
ASML Holding (NASDAQ: ASML) posted its first-quarter earnings report on April 20. The Dutch semiconductor equipment maker's revenue fell 19% year over year to 3.53 billion euros ($3.83 billion), but it still beat analysts' estimates by 20 million euros. Its net income fell 48% to 695 million euros ($753 million), or 1.73 euros ($1.87) per share, but it also cleared expectations by 0.05 euros.
ASML faced a very difficult comparison to the prior-year quarter, when its revenue and EPS grew 79% and 244%, respectively, against the pandemic's initial impact in early 2020. But if we smooth out those messy year-over-year comparisons, ASML's future still looks bright. Let's discuss the three bright green flags that could bring back the bulls this year.
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Source Fool.com
