ASML Holding N.V. (ASML) Financial News - ASML: Record sales, bookings, 5B rev. seen in '11
ASML Holding N.V. (ASML)
ASML: Record sales, bookings, 5B rev. seen in '11
Keywords: Markets|Europe & Middle East, ASML, ASML Holding NV, ASML, ASML Holding NVQuote: MADRID (MarketWatch) -- Dutch provider of lithography systems for the chip industry ASML Holding NV/quotes/comstock/15*!asml/quotes/nls/asml(ASML37.43,-2.67,-6.65%)/quotes/comstock/24s!e:asml(NL:ASML27.90,-2.06,-6.86%) on Wednesday reported fourth-quarter net income of 407 million euros ($548 million), eight times higher than â‚¬50.5 million in the prior-year period. On a per-share basis, the company earned 0.94 euros against 0.12 euros in the year-ago period. ASML reported sales of â‚¬1.52 billion against â‚¬581 million a year ago. Analysts surveyed by Dow Jones Newswires forecast sales of â‚¬1.33 billion. Bookings for the quarter totalled â‚¬2.32 billion, which has led to a systems backlog worth â‚¬3.86 billion, and the company said it now expects more than â‚¬5 billion in net sales for 2011. President and Chief Executive Officer Eric Meurice said ASML tripled the output of its factory in 2010 to meet demand in a quarter that saw record sales, profit and bookings. ASML sees first- quarter 2011 net sales of around â‚¬1.4 billion and a gross margin of between 44% and 45%. ASML also announced a share buyback program worth up to â‚¬1 billion to take place over two years....
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