ASML Q3 earnings beat expectations; outlook strong UPDATE |
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Wed, 17 Oct 2007 06:46
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(Updates with backlog, operations details)AMSTERDAM (Thomson Financial) - ASML Holdings NV presented third-quarter earnings that beat expectations across the board, with both earnings and bookings coming in higher than anticipated while giving off a strong outlook.ASML also said it will use excess for a new share buyback comprising 14 mln shares, to cover for outstanding employee stock options. The buyback can take place anytime between now and September 28 of next year.Net profit was 168 mln eur versus 161 mln a quarter earlier, besting analyst forecasts of 140.5-151.3 mln, while sales came in at 940 mln eur, up from 935 mln eur and higher than the 904-922.2 mln eur expected.Bookings were 40 units, with 35 new units and 5 old units ordered, versus 30 units in the second quarter.ASML said it expects bookings in the fourth quarter to surpass those of the third quarter, while it also sees earnings in the first nine months of 2008 to be higher than the same period this year.The order backlog at the end of the first nine months of the year stood at 1.769 bln, ASML said, consisting of 70 units with an average selling price of 19.7 mln eur.The average selling price for a new system was 15.2 mln eur in the third quarter, higher than the 12.7 mln in the second quarter. The number of high-yield tools sold was higher than in the second quarter.The average selling price for all ASML systems sold was 14.4 mln eur, compared to 12 mln eur in the second quarter.By Kaj Leers, kaj.leers@thomson.comkel/jfr/kel/jfrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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ASML Q3 earnings beat expectations; outlook strong 