ASML Holding 2Q Net Profit Rises 8.1%; Sees Stronger 2nd Half
July 18 2018 - 1:48AM
Dow Jones News
By Adria Calatayud
Dutch semiconductor company ASML Holding NV (ASML.AE) said
Wednesday that net profit for the second quarter rose 8.1%, on the
back of sales that exceeded expectations, and anticipated a
stronger second half.
Quarterly net profit was 584 million euros ($683.0 million)
compared with EUR540 million in the year-earlier period, ASML said.
Analysts expected the company to make a net profit of EUR529
million, according to a consensus based on forecasts by nine
analysts polled by FactSet.
Net sales for the second quarter were EUR2.74 billion, up 20%
from EUR2.29 billion in the same period last year, the company
said. The company had guided for second-quarter sales of between
EUR2.5 billion and EUR2.6 billion.
Second-quarter gross margin was 43.3% compared with 48.7% in the
year-earlier period, ASML said.
ASML guided for third-quarter net sales of EUR2.7 billion to
EUR2.8 billion and gross margin of between 47% and 48%. ASML also
said it expects the second half to be stronger, with improved
profitability and continued growth.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
July 18, 2018 01:33 ET (05:33 GMT)
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