By Adria Calatayud 
 

ASML Holding NV said Wednesday that net profit for the third quarter rose sharply, exceeding expectations, as it confirmed its outlook for 2020 and said it experienced no major disruptions due to the coronavirus pandemic.

Net profit for the quarter was 1.06 billion euros ($1.24 billion) compared with EUR626.8 million for the year-earlier period, the Dutch maker of semiconductor equipment said. Analysts had expected a net profit of EUR915.6 million, according to a consensus forecast provided by FactSet and based on estimates by ten analysts.

Third-quarter net sales came in at EUR3.96 billion, up from EUR2.99 billion a year before, ASML said. Gross margin for the quarter was 47.5%.

The company had guided for revenue of between EUR3.6 billion and EUR3.8 billion with a gross margin between 47% and 48%.

ASML said it shipped ten extreme ultraviolet lithography systems, the company's most advanced technology, in the quarter, and that net bookings stood at EUR2.87 billion.

For the fourth quarter, the company said it expects revenue to be between EUR3.6 billion and EUR3.8 billion and gross margin to be around 50%. For 2021, ASML expects low double-digit revenue growth, but acknowledged there are uncertainties due to the macroeconomic environment.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

October 14, 2020 01:43 ET (05:43 GMT)

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