Chip Gear-Maker ASML's Profit Margin Forecasts Top Estimates
- Semiconductor equipment maker expects a stronger second half
- ASML is on track to supply 20 of its EUV systems this year
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ASML Holding NV’s forecast for profitability beat analysts’ estimates, even though Europe’s largest semiconductor equipment maker won just one order for its newest lithography machines in the second quarter.
ASML shares rose as much as 6.8 percent in Amsterdam on Wednesday, the highest since January 2017. The stock has gained 24.5 percent this year, valuing the manufacturer at 77.1 billion euros ($89.7 billion).