ASML Outlook Beats Expectations, Sees Growth Despite Virus
- Operational capabilities are largely back to normal now: CEO
- Dutch firm produces extreme ultraviolet lithography equipment
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ASML Holding NV, a crucial supplier to Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co, beat analysts expectations for the third quarter and insisted 2020 will be a “growth year.”
The Dutch company, which produces extreme ultraviolet lithography equipment, expects revenue in the period to be 3.6 billion euros ($4.1 billion) to 3.8 billion euros, with a gross margin of 47% to 48%, it said in a statement on Wednesday. Analysts expected sales of 3.42 billion euros and a gross margin of 48.1%.