ASML 1Q Net Profit Rose, Doesn't Provide Full-Year Guidance
By Sabela Ojea and Adria Calatayud
ASML Holding NV said Wednesday that first-quarter net profit
rose and that it has decided to refrain from giving guidance for
the second quarter and full year in light of the coronavirus
Net profit for the first three months of the year was 391
million euros ($428.3 million) compared with EUR355 million for the
year-earlier period, the Dutch maker of semiconductor equipment
Sales in the quarter rose to EUR2.44 billion from EUR2.23
billion for the same period a year earlier, ASML said. Gross margin
for the quarter was 45.1%.
The company said last month that it expected revenue for the
quarter to be between EUR2.4 billion and EUR2.5 billion and gross
margin to be in a range of 45% to 46%, lower than its previous
forecasts due to the coronavirus pandemic.
ASML shipped four units of its extreme ultraviolet--or
EUV--lithography systems, its most advanced technology, in the
first quarter, but was only able to recognize revenue for two
systems, it said.
The company said it benefited from stronger order intake, noting
that there is currently no change in demand.
Write to Sabela Ojea at email@example.com and Adria Calatayud
(END) Dow Jones Newswires
April 15, 2020 01:35 ET (05:35 GMT)
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