| | | ASML misses by $0.18, misses on revs; guides Q1 revs below consensus due to supplier fire
6:00 AM ET 1/23/19 | Briefing.com
Reports Q4 (Dec) earnings of 1.60 per share, 0.18 worse than the S&P Capital IQ Consensus of 1.78; revenues rose 8.4% year/year to 2.78 bln vs the 2.99 bln S&P Capital IQ Consensus.
Co issues downside guidance for Q1, sees Q1 revs of EUR 2.1 bln vs. 2.75 bln S&P Capital IQ Consensus."Due to a fire at one of our suppliers of electronics components and modules (as announced in a press release on December 3, 2018), work in progress and part of the inventory was lost. Due to the integral cycle time of around one quarter for these modules, we expect ASML's first-quarter sales to be negatively impacted by approximately EUR 300 million, which we expect to largely recover in Q2, with the remainder expected to be recovered in the second half of 2019.
For the first quarter of 2019, ASML expects net sales of around EUR 2.1 billion, and a gross margin around 40 percent. R&D costs of around EUR 480 million, and SG&A costs of around EUR 130 million.""Our target effective annualized tax rate is around 14 percent.
ASML will submit a proposal to the 2019 Annual General Meeting of Shareholders to declare a dividend in respect of 2018 of EUR 2.10 per ordinary share (for a total amount of approximately EUR 0.9 billion), compared with a dividend of EUR 1.40 per ordinary share paid in respect of 2017." |
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