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ASML: Q3 earnings up on strong demand.

(CercleFinance.com) - ASML reported on Wednesday Q3 sales that exceeded its guidance, particularly thanks to strong demand for its EUV lithographic machines.

The Dutch chip equipment maker said net income reached 557 million euros in the past quarter, compared to 466 million euros a year ago, with sales up 17% at 2.45 billion euros.

The company also confirmed its view that 2017 net sales will be at least 25% higher than last year.

"This guidance suggests the consensus to lift expectations," one trader said.

The manufacturer of chip-making equipment's current view is that the positive business environment will continue into 2018.

After these comments, ASML shares were up 0.1% at 148.6 euros on Euronext Amsterdam in early trading.

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