Tokyo Electron Beats Estimates as AI Spending Doubts Rise [Yahoo! Finance]
TOKYO ELECTRON UNSP/ADR (TOELY)
NASDAQ:AMEX Investor Relations:
tel.com/ir
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Source: Yahoo! Finance
In This Article TOELY (Bloomberg) -- Tokyo Electron Ltd.'s profit beat expectations on robust sales of chipmaking gear underpinning an artificial intelligence boom. Most Read from Bloomberg Citadel to Leave Namesake Chicago Tower as Employees Relocate State Farm Seeks Emergency California Rate Hike After Fires Transportation Memos Favor Places With Higher Birth and Marriage Rates San Francisco Wants Wealthy Donors to Help Fix Fentanyl Crisis NY Transit Advocate Says Billions in Tax Hikes Would Fix MTA The Japanese supplier to Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. brought in operating profit of ¥199.6 billion ($1.3 billion) in the December quarter from sales of machines used to prepare, etch and clean silicon wafers that are ultimately cut into memory or logic chips. That compares with the average of analyst estimates of ¥174.2 billion. The company stuck to its full-year forecast, in line with analyst expectations. That's even as Samsun
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News
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