ASML 3Q Net Profit Rose; Confirms 2020 Outlook
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
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
Write to Adria Calatayud at firstname.lastname@example.org
(END) Dow Jones Newswires
October 14, 2020 01:43 ET (05:43 GMT)
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