ASML: Q3 results in line with estimates
(CercleFinance.com) - The ASML share is down slightly in Amsterdam on Wednesday morning, after the manufacturer of lithography equipment published EPS, which although up 32% sequentially at 1.
49 euro in its third quarter, this was broadly in line with expectations.
Again in comparison with the previous quarter, the Dutch group improved its gross margin by 0.7 point to 43.7%, for sales that are up 16% to nearly three billion euros, with the sale of 52 new units.
For the current quarter, ASML targets a gross margin of between 48% and 49% for sales of about 3.9 billion euros. In addition, it is revising its dividend policy to pay a half-yearly interim dividend, with the first payment of 1.05 euro per share scheduled for 2019.
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