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UPDATE: ASML Posts Rise In Q2 Profit

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ASML Holding NV (NASDAQ: ASML) reported an 81% gain in its second-quarter net profit.

ASML's quarterly net profit surged to EUR398.7 million ($542.3 million), versus a year-ago profit of EUR220.8 million.

Its sales rose 39% to EUR1.64 billion from EUR1.19 billion. ASML sold 27 new and 4 used systems at an average price of EUR40.1 million.

For the full year, ASML projects sales of around EUR5.6 billion, up from EUR5.2 billion in 2013.

For the third quarter, ASML projects net sales of about EUR 1.4 billion.

ASML President and Chief Executive Officer Peter Wennink said, "Second-quarter sales came in as expected, and gross margin was above the guided range due to better contribution from service and field options as well as product mix, concentrated on the sale of our latest TWINSCAN NXT:1970Ci immerson scanner and bringing the average selling price to EUR 40 million. In EUV, we have made significant progress in the last quarter, doubling productivity, and we are on track towards our target of 500 wafers per day around the end of the year.”

ASML shares dropped 0.14% to close at $90.63 yesterday.

Posted-In: profitEarnings News Guidance


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