Aixtron up 10% pre-market after Q3 orders beat

By Reuters News

** Shares in Aixtron AIXGn.DE jump 10% pre-market after the German chip manufacturer beat Q3 order intake estimates and confirmed FY guidance

** Aixtron posts Q3 order intake of €275 million ($308.72 million), up 73% y/y and above analysts' average estimate of €215 million in a company-provided poll

** JPMorgan says the orders were supported by strong demand in its optoelectronics business

** "Despite wider concerns on the AI trade, we expect Aixtron to outperform on this pre-announcement given the news will drive upgrades to both near- and medium-term estimates," it adds

** The stock, which has gained 79% YTD through Thursday's close, is seen at the top of Germany's mid-cap index .MDAXI



($1 = 0.8908 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.