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ASML: Steady as She Goes Amidst Stormy Seas

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ASML Holding NV Earnings News Conference

Against a backdrop of fiscal tumult, ASML Holding N.V. (NASDAQ:ASML) has defied expectations to conclude its fiscal year on a high note, trumping the S&P. Despite its prior annual lackluster performance, the company has astoundingly surpassed Wall Street’s projections.

In a previous article last August titled “ASML’s Mixed Outlook: Near-Term Headwinds, Long-Term Promise,” I underscored ASML’s stronghold as a monopoly company with a compelling long-term investment rationale, in spite of a lukewarm second-quarter performance in 2023.

Reflecting on my prior piece, “ASML: Near-Term Headwinds Weigh On Q3 Results,” it was apparent that Q3 encountered significant challenges.

Now, let’s delve into the company’s fourth-quarter outcome, measure against my forecast vis-a-vis the consensus, and scrutinize the enduring strength of the investment thesis.

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