ASML reports forecast beating profit of $1.96 billion on higher sales

[] 4 days ago by Anthony O. Goriainoff

Dow Jones Newswires

Last Updated: Jan. 25, 2023 at 1:34 a.m. ET First Published: Jan. 25, 2023 at 1:25 a.m. ET

An employee walks past an ASML logo, a Dutch company which is currently the largest supplier in the world of semiconductor manufacturing machines via photolithography systems in Veldhoven on April 17, 2018.

emmanuel dunand/Agence France-Presse/Getty Images

ASML Holding NV said Wednesday that for the fourth quarter it beat net profit consensus and net sales rose, and that it expects continued strong sales growth in 2023 despite a challenging environment.

The Dutch semiconductor-equipment maker NL:ASML ASMLsaid net profit for the period was 1.8 billion euros ($1.96 billion) compared with EUR1.77 billion for the fourth quarter of 2021, and consensus of EUR1.71 billion, taken from FactSet and based on 17 analysts’ estimates.