ASML Posts Rise In Q3 Profit, Confirms Full-Year Forecast

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ASML Holding NV
ASML
reported a 26% rise in its third-quarter net profit and confirmed its forecast for the full year. ASML's quarterly net profit climbed to EUR244.0 million ($309.6 million), versus a year-ago profit of EUR193.1 million. Its sales increased 1% to EUR1.32 billion. ASML sold 24 new and 6 used systems in the same quarter. Its gross margin narrowed to 43.7% in the third quarter, versus 45.7% in the second quarter. ASML expects Q4 net sales of about EUR 1.3 billion and a gross margin of about 43%. "We are on track to meet our full-year 2014 forecast of at least EUR 5.6 billion of net sales. In the third quarter, we delivered a good profit margin on net sales that fell just short of our previous guidance due to a couple of system shipments shifting into Q4, which does not impact our full-year guidance,” ASML President and Chief Executive Officer Peter Wennink said. ASML shares gained 0.02% to $92.73 in after-hours trading.
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Posted In: EarningsNewsGuidanceprofit
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