ASM International forecasts second-quarter revenue that beats estimates

Computer chip equipment maker ASM International on Tuesday forecast stronger second-quarter revenue guidance than markets expected, after a first-quarter report above expectations.

Europe’s second-largest maker of chipmaking tools forecast second-quarter revenue at around 980 million euros ($1.15 ‌billion), against ⁠LSEG ⁠data estimates of 883.9 million euros. First-quarter revenue reached 862.5 ​million euros versus the 828.5 million euros analysts expected.