ASML: third-quarter orders rise sharply
(CercleFinance.com) - Dutch chip equipment maker ASML posted a sharp rebound in third-quarter orders on Wednesday, and confirmed its outlook for the full year 2020.
In the past quarter, ASML received net bookings for 2.9 billion euros, including 595 million euros for EUV systems (four units), compared to 1.1 billion euros in the second quarter.
Third-quarter sales rose to 4 billion euros, from 3.3 billion euros in the second quarter, for a net profit of 1.1 billion euros, versus 751 million euros in the previous quarter.
That was above, or in line, with the company's guidance.
The Veldhoven-based group said it expects fourth-quarter revenue of between 3.6 billion euros and 3.8 billion euros, with a higher gross margin at around 50%.
For 2021, ASML said it expects low double-digit growth, helped by market drivers such as 5G, AI and high-performance computing.
Yet, ASML shares were down 1.6% in early morning trading, while the STOXX Europe 600 Technology index rose by 0.3%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
In the past quarter, ASML received net bookings for 2.9 billion euros, including 595 million euros for EUV systems (four units), compared to 1.1 billion euros in the second quarter.
Third-quarter sales rose to 4 billion euros, from 3.3 billion euros in the second quarter, for a net profit of 1.1 billion euros, versus 751 million euros in the previous quarter.
That was above, or in line, with the company's guidance.
The Veldhoven-based group said it expects fourth-quarter revenue of between 3.6 billion euros and 3.8 billion euros, with a higher gross margin at around 50%.
For 2021, ASML said it expects low double-digit growth, helped by market drivers such as 5G, AI and high-performance computing.
Yet, ASML shares were down 1.6% in early morning trading, while the STOXX Europe 600 Technology index rose by 0.3%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.