ASML (ASML) surged over 10% in intraday trading Wednesday after the chipmaking equipment giant reported earnings t𒊎hat beat expectations, with record orders in the fourth 𝄹quarter.

Europe's largest tech firm by 澳洲幸运5官方开奖结果体彩网:market capitalization said its net profit rose 9% from a year earlier to 2 billion euros ($2.2 billion) with sales of 7.2 billion euros ($7.8 billion) during the fourth quarter. Both exceeded analyst estimates.

Quarterly net bookings rose to a record 9.2 billion euros ($10 billion), driven by demand for some of ASML's most sophisticated equipment.

However, the company warned future sales to China could be impacted by new 澳洲幸运5官方开奖结果体彩网:export restrictions, with deliveries to China anticipated to fall🌊 10-15% in 2024.

ASML said it plans to pay a dividend for the year of 6.10 euros ($6.65) per ordinary share, which is a 5.2% increase over 2022. An interim dividend of 1.45 euros ($1.58) per share will also be paid in February. 

ASML's stock price was up 10.6% to $860.04 as of about 12:10 p.m. ET Wednesday following the news. It has gained over 28% over the past year.