ASML Holding 3Q Net Profit Rose 64% on High Demand
October 20 2021 - 12:47AM
Dow Jones News
By Ian Walker
ASML Holding NV on Wednesday reported a 64% rise in
third-quarter net profit, beating analysts' consensus, and said
that demand continues to be high.
The Dutch semiconductor-equipment maker said it needs to
increase capacity to meet demand for memory and logic modes given
the current chip shortage.
Net profit for the quarter ended Oct. 3 rose to 1.74 billion
euros ($2.02 billion) compared with EUR1.06 billion for the same
period last year and a consensus of EUR1.63 billion, taken from
FactSet and based on eight analysts' forecasts.
Net sales for the quarter were EUR5.24 billion compared with
EUR3.96 billion for the year-earlier period and guidance of between
EUR5.2 billion and EUR5.4 billion provided by the company earlier
this year.
Gross margin for the quarter was 51.7% compared with 47.5% and
guidance provided by the company of 51%-52%.
For the fourth quarter, ASML expects net sales of between EUR4.9
billion and EUR5.2 billion with a gross margin of between 51% and
52%.
The board has declared an interim dividend of EUR1.80 a
share.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
October 20, 2021 01:32 ET (05:32 GMT)
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