Post-Earnings Review - ASML Holding

LONDON, October 21, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on ASML Holding N.V. (NASDAQ: ASML). On October 15, 2014, the company reported its financial results for Q3 FY14 (period ended September 28, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on ASML Holding. During Q3 FY14, ASML Holding's gross margin stood at 43.7% and its diluted EPS increased €0.13 from the preceding year quarter. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, ASML Holding reported net sales of €1,322.2 million, compared to €1,318.2 million in the same period last year. The company's net sales during the reported quarter underperformed Bloomberg analysts' forecast of €1,456.0 million. Net system sales in Q3 FY14 decreased to €884.5 million from €959.5 million in the prior year's quarter. Net service and field option sales increased to €437.7 million from €358.7 million in Q3 FY13. Further, the company's gross profit for Q3 FY14 broadened to €578.1 million, and income from operations increased to €261.4 million, from €530.8 million and €212.2 million, respectively in Q3 FY13. Consequently, ASML Holding's net income broadened to €244.0 million, or €0.56 per diluted share in Q3 FY14, from €193.1 million, or €0.43 per diluted share, a year-ago. Analysts from Bloomberg had expected the company to report net income of €245.3 million, or €0.54 per diluted share in Q3 FY14. The free research on ASML can be downloaded as in PDF format at:

http://www.Investor-Edge.com/ASMLFreeReport

Peter Wennink, President and CEO of ASML Holding, stated that the company is on track to meet its full-year 2014 forecast of at least €5.6 billion of net sales. In Q3 FY14, the company delivered a good profit margin on net sales that fell just short of its previous guidance due to a couple of system shipments shifting into Q4, which does not impact its full-year guidance, he added.

For Q4 FY14, the company expects net sales of around €1.3 billion and a gross margin of around 43%. Further, ASML Holding's estimates R&D costs to be around €260 million and other income of about €20 million, which includes contributions from participants of the Customer Co-Investment Program and SG&A costs of about €80 million. Sign up and read the free analyst's notes on ASML at:

http://www.Investor-Edge.com/ASML-21102014

In April 2013, ASML announced a share buyback program to repurchase up to €1 billion of its own shares within the 2013 - 2014 timeframe. According to the company, in the week of October 6 - October 10, 2014, the company repurchased 315,000 shares at an average price of €75.03, with which it executed 82.1% of its program. As per the share buyback update on ASML Holding's website, the company intends to cancel all shares repurchased under this program.

Stock Performance 

On the day of the earnings release, October 15, 2014, ASML Holding N.V.'s stock ended the session at $91.82, losing 0.96%. On the last close, Monday, October 20, 2014, the stock was up as compared to its post earnings finishing price, and flat vis-à-vis its previous day's close of $92.51, after vacillating between $90.93 and $92.62. A total of 0.44 million shares were traded, which was well below its three months average volume of 1.10 million shares. Over the previous three trading sessions and past three months, the company's shares have advanced 0.75% and 7.77%, respectively. However, the stock has lost 8.25% in the last one month and 1.27% YTD. Shares of ASML Holding N.V. are trading above their 200-day moving average. The stock's 50-day moving average of $96.01 is greater than its 200-day moving average of $90.09. Furthermore, the stock has a Relative Strength Index (RSI) of 42.35. Visit Investor-Edge and access the latest research on ASML at:

http://www.Investor-Edge.com/ASMLEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month ASML Holding has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on ASML is available at:

http://www.Investor-Edge.com/ASMLInsiderTrading

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