BUZZ — Aixtron up 10% pre — market after Q3 orders beat
* Shares in Aixtron 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 ($1 = 0.8908 euros) (Reporting by Ozan Ergenay) ((ozan.ergenay@thomsonreuters.com)
* Shares in Aixtron 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 ($1 = 0.8908 euros) (Reporting by Ozan Ergenay) ((ozan.ergenay@thomsonreuters.com)