ASML: posts first-quarter profit above expectations
(CercleFinance.com) - ASML on Wednesday reported quarterly net profit ahead of analysts' expectations and said it still expects growth to accelerate through 2019.
First-quarter net profit was 355 million euros, compared with 788 million euros a year earlier, with EPS of 0.84 euro clearly above expectations of 0.46 euro.
ASML, a key equipment supplier to semiconductor chipmakers, said it had net sales of 2.2 billion euros in the past quarter, down 37% year-on-year, with gross margin of 41.6 percent.
For the second quarter, ASML expects net sales between 2.5 billion euros and 2.6 billion euros, and a gross margin between 41 percent and 42 percent.
"The long-term outlook remains positive," said analysts at French brokerage firm Oddo BHF. "The group is targeting sales of 13 billion euros for 2020 and the consensus is lower (12.7 billion)," Oddo noted.
The ASML share was up 2.7% this morning on Euronext Amsterdam.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
First-quarter net profit was 355 million euros, compared with 788 million euros a year earlier, with EPS of 0.84 euro clearly above expectations of 0.46 euro.
ASML, a key equipment supplier to semiconductor chipmakers, said it had net sales of 2.2 billion euros in the past quarter, down 37% year-on-year, with gross margin of 41.6 percent.
For the second quarter, ASML expects net sales between 2.5 billion euros and 2.6 billion euros, and a gross margin between 41 percent and 42 percent.
"The long-term outlook remains positive," said analysts at French brokerage firm Oddo BHF. "The group is targeting sales of 13 billion euros for 2020 and the consensus is lower (12.7 billion)," Oddo noted.
The ASML share was up 2.7% this morning on Euronext Amsterdam.
Copyright (c) 2019 CercleFinance.com. All rights reserved.