ASML Holding NV said Wednesday that for the fourth quarter it beat net profit consensus and net sales rose, and that it expects continued strong sales growth in 2023 despite a challenging environment.

The Dutch semiconductor-equipment maker NL:ASML ASMLsaid net profit for the period was 1.8 billion euros ($1.96 billion) compared with EUR1.77 billion for the fourth quarter of 2021, and consensus of EUR1.71 billion, taken from FactSet and based on 17 analysts’ estimates.

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