Semiconductor tools maker ASML (ASML) on Wednesday beat analyst estimates for earnings within the third quarter however its gross sales got here up brief. Its income steerage additionally was mild. ASML inventory dropped on the information.


The Dutch firm earned the equal of $4.97 a share on gross sales of $6.1 billion within the September quarter. Analysts anticipated ASML earnings of $4.61 a share on gross sales of $6.19 billion, in line with FactSet. Within the year-earlier interval, ASML earned $2.99 a share on gross sales of $4.65 billion. ASML studies monetary leads to euros.

For the present quarter, ASML forecast gross sales of $5.87 billion, based mostly on the midpoint of its outlook. Analysts had been in search of fourth-quarter gross sales of $6.12 billion, FactSet stated.

Chief Monetary Officer Roger Dassen stated part shortages are impacting manufacturing and crimping gross sales. Netherlands-based ASML makes superior lithography tools for etching tiny circuits onto semiconductors.

ASML Inventory Drops On Report

On the inventory market at present, ASML inventory fell 4.2{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} to shut at 767.70.

“The demand continues to be excessive,” ASML Chief Govt Peter Wennink stated in a information launch. “The continued digital transformation and present chip scarcity gas the necessity to enhance our capability to satisfy the present and anticipated future demand for reminiscence and for all logic nodes.”

He added, “For the total yr, we’re on observe to attaining development approaching 35{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811}.”

ASML inventory ranks second out of 32 shares in IBD’s semiconductor tools business group, in line with IBD Inventory Checkup. It has an IBD Composite Ranking of 96 out of 99. IBD’s Composite Ranking combines 5 separate proprietary rankings into one easy-to-use score. One of the best development shares have a Composite Ranking of 90 or higher.

ASML inventory is also within the IBD Lengthy-Time period Leaders Portfolio.

Observe Patrick Seitz on Twitter at @IBD_PSeitz for extra tales on shopper know-how, software program and semiconductor shares.


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ASML Inventory: Chip Gear Maker Beats On Earnings However Misses Gross sales Goal