ASML does better than expected

Stefan Mileschin · 16th October 2020, 09:48

Double digit growth

Semiconductor equipment maker ASML posted a better than expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices.

The company reported sales of 3.96 billion euro in the third quarter ended 30 September which was much better than the cocaine nose jobs of Wall Street expected.

In the third quarter of 2019, ASML reported net profit of 627 million euros and sales of three billion euros.

ASML Chief Financial Officer Roger Dassen forecast sales of 3.7 billion euro in the fourth quarter and said the company expected “low double digit” growth in 2021.

ASML has a near monopoly on lithography systems, enormous machines that can cost up to $200 million each and play a vital role in the manufacture of computer chips, mapping out their circuitry.

https://fudzilla.com/news/51701-asml...-than-expected

16th October 2020, 09:48	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	ASML does better than expected Double digit growth Semiconductor equipment maker ASML posted a better than expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices. The company reported sales of 3.96 billion euro in the third quarter ended 30 September which was much better than the cocaine nose jobs of Wall Street expected. In the third quarter of 2019, ASML reported net profit of 627 million euros and sales of three billion euros. ASML Chief Financial Officer Roger Dassen forecast sales of 3.7 billion euro in the fourth quarter and said the company expected “low double digit” growth in 2021. ASML has a near monopoly on lithography systems, enormous machines that can cost up to $200 million each and play a vital role in the manufacture of computer chips, mapping out their circuitry. https://fudzilla.com/news/51701-asml...-than-expected

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