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ASML’s 1st-quarter net fell; sees 10% lower sales for year

TEL AVIV (MarketWatch) — ASML Holding NV, the Veldhoven, Netherlands, producer of lithography systems for the semiconductor industry, reported fiscal first-quarter net income fell 4.9% on 3.1% lower sales. Net fell to 145.1 million euros, or 0.33 euro a share, from 152.7 million, or 0.31, in the year-earlier period. Shares outstanding fell 13% to 435 million. Sales fell to 919.2 million euros from 948.7 million. ASML said it booked first-quarter net orders valued at 312 million euros. The orders, ASML said, were for 26 systems, 17 new and 9 used. The backlog at March 30 is valued at 1.17 billion euros. ASML said its “order pattern will translate into weaker net sales for the next two quarters.” So it estimates full-year 2008 net sales will fall about 10% from its record year in 2007. It’s cutting manufacturing and selling, general and administrative expense for the second quarter “while […]

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One Response to “ASML’s 1st-quarter net fell; sees 10% lower sales for year”

  1. Forex » ASML’s 1st-quarter net fell; sees 10% lower sales for year Says:
    April 16th, 2008 at 2:36 am

    […] Dollar Drops, Exchange rates, Forex and US Currency Converter wrote an interesting post today onHere’s a quick excerptASML’s 1st-quarter net fell; sees 10% lower sales for year April 16th, 2008 TEL AVIV (MarketWatch) — ASML Holding NV, the Veldhoven, Netherlands, producer of lithography systems for the semiconductor industry, reported fiscal first-quarter net income fell 4.9% on 3.1% lower sales. Net fell to 145.1 million euros, or 0.33 euro a share, from 152.7 million, or 0.31, in the year-earlier period. Shares outstanding fell 13% to 435 million. Sales fell to 919.2 million euros from 948.7 million. ASM […]

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