ASML Gains on Forecast of Higher Profitability After Orders Rise
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ASML Holding NV, Europe’s biggest semiconductor equipment maker, reported orders that beat analyst estimates and said technological advances will boost business in the longer term. The shares rose 6.8 percent.
Second-quarter net bookings climbed 9.8 percent from the first quarter to 949 million euros ($1.16 billion) excluding second-generation extreme ultraviolet lithography systems, the Veldhoven, Netherlands-based company said in a statement today. That exceeded analysts’ average estimate of 898 million euros in a Bloomberg survey.