Tokyo Electron Raises Full-Year Profit Forecast
Tokyo Electron (TEL) announced an increase in its operating profit forecast for fiscal 2025 (April 2025-March 2026) from JPY570 billion (approximately US$3.7 billion) to JPY586 billion.
However, the revised forecast falls short of market expectations, which stood at JPY602.1 billion.
The market consensus was JPY602.1 billion.
Author's summary: TEL raises profit forecast to JPY586 billion.