ASML Falls In Silicon Earnings Soup (ASML)

By Douglas A. McIntyre Published Jan 16, 7:33AM EST

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Chip-equipment supplier ASML Holding NV (NASDAQ: ASML) is seeing shares under pressure after it posted earnings out of The Netherlands this morning. ASML posted flat results with a net profit of some 206 million Euro’s or about $302.9 million in currency conversions. Sales were 973 million Euro’s or about $1.4 Billion after currency conversions.

The company is also cautious ahead and is not forecasting growth of lithography machines this quarter. Its CEO Eric Meurice noted that independent market researchers still see gains in 2008 but it is awaiting confirmation via levels of bookings in Q1 and Q2. This is despite the fact that the belief is there that customers need ASML’s new products, and the company’s backlog fell a few percentage points down to 1.7 Billion Euros (from 1.77 Billion).

Shares of ASML are trading down 12.2%at $24.18 pre-market on fairly thin volume in the U.S., although shares were down 11% on more active trading overseas. This level at least in the U.S. will represent a new 52-week low that hasn’t actually been seen since August 2006.

Jon C. Ogg
January 16, 2008

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.