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ASML beats Q1 earnings estimates, customers 'adjusting' orders due to chip market

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AMSTERDAM :ASML Holding NV, a key supplier to computer chip makers, on Wednesday reported first quarter earnings that beat expectations, as customers received its products at swift clip despite signs of weakness in end markets.The company's net profit for the quarter ended March 31 was 1.96 billion euros ($2.

AMSTERDAM :ASML Holding NV, a key supplier to computer chip makers, on Wednesday reported first quarter earnings that beat expectations, as customers received its products at swift clip despite signs of weakness in end markets.

Analysts had forecast net profit of 1.62 billion euros on revenue of 6.31 billion euros, according to Refinitiv data.

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