John Meady

ASM Lithography Meet Street Expectations

ASM Lithography reported third-quarter results that were within the range of our expectations. We are maintaining our fair value estimate and moat rating. For the quarter, revenue was EUR 1.32 billion, up 11% sequentially, and an increase from sales of EUR 1.23 billion in the year-ago quarter. Sales benefited from improved business conditions and a…

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IPO raises itself on IPO

In a regulatory filing Monday, the social media company said its debut price is now set between $23 and $25 a share, up from $17 to $20 previously. The company intends to sell 70 million shares in its IPO. At its new price, the company would be valued between $12.8 billion to $13.9 billion.Read More…

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