ASML - 3 Reasons to Buy ASML Hand Over Fist After Its Q4 Earnings Beat
2024-01-29 05:30:00 ET
ASML 's (NASDAQ: ASML) stock price jumped 9% to a record high on Jan. 24 after the Dutch semiconductor equipment maker posted its fourth-quarter report. Its revenue rose 13% year over year to 7.24 billion euros ($7.88 billion), which cleared analysts' estimates by about 300 million euros. Its net profit increased 9% to 2.05 billion euros ($2.23 billion), exceeding the consensus forecast by 180 million euros, while its earnings per share (EPS) grew 13%.
Those growth rates are impressive, but some investors might be wary of chasing ASML's stock at its all-time highs. However, I believe it's still smart to buy its rising shares hand over fist for three simple reasons.
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3 Reasons to Buy ASML Hand Over Fist After Its Q4 Earnings Beat