(October 12, 2011) Shares of ASML Holding N.V. (ADR) (NASDAQ: ASML), a Netherlands-based company, are soaring in trading today. At last check, the ASML Holding stock was trading 7.13% higher at $38.75 on above average volume of 4.52 million.
ASML shares are soaring in trading today after the company reported its third-quarter financial results. The company reported a 32% increase in third-quarter net profit and also said that it is on track to achieve full-year sales of around 5.5 billion euros. For the third quarter, the company reported a profit of 355 million euros, compared with profit of 269 million euros reported for the same period in the previous year.
ASML reported sales of 1.46 billion euros for the third quarter ended September 30, 2011, compared with sales of 1.18 billion euros reported for the same period in the previous year. ASML’s third-quarter results benefited from a strong order book. The company saw demand for its chip increase over the past year, driven by the popularity of smartphones and tablet PCs.
ASML, however, noted that demand for its chips dipped slightly in the third quarter as the company’s net bookings dropped from 1.3 billion euros to 514 million euros. ASML expects fourth-quarter sale to cross 1.1 billion euros. The company also expects orders to rise in the fourth quarter.
About ASML Holding N.V.: ASML Holding N.V. is a provider of advanced technology systems for the semiconductor industry, offering an integrated portfolio of lithography systems primarily for manufacturing complex integrated circuits.
- The ASML Holding stock has a 52-week range of $30.21-$45.92.
- The stock trades on a daily average volume of 2.94 million.
- The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
- The stock’s MACD has crossed the signal line on the upside, and is also above the zero-line, which are strong bullish signals.
ASML Holding has reported its third-quarter financial results. The company’s shares are soaring following the announcement.