To: FJB who wrote (22641 ) 7/21/1999 6:08:00 AM From: Justa Werkenstiff Read Replies (1) | Respond to of 25960
More on ASML: ASM Lithography 1st-Half Net 4 Million Euros; Beats Forecasts Veldhoven, Netherlands, July 21 (Bloomberg) -- ASM Lithography NV, which makes equipment to print images on semiconductors, said it earned 4 million euros ($4.2 million) in the first half, beating analysts' expectations. The company's profit fell from 63.5 million euros a year ago. Earnings per share were 0.03 euro, down from 0.46 euro a share a year ago. The net profit figure beats the highest forecast, 2.4 million euros, in a survey of analysts by Bloomberg News. Several analysts had forecast a loss. ASML said in January when it reported 1998 results that 1999 net income may again fall as it spends on research to be ready for the next boom in semiconductors. The company is likely to make a profit in the second half as orders and the semiconductor industry pick up, analysts said. They have done an excellent job in the first half and I expect them to continue to do so,'' said Eric de Graaf, an analyst at ING Barings, speaking before the report. De Graaf rates ASML ''buy.'' ASML is the world's second-largest maker of so-called wafer steppers and scanners, multimillion dollar machines that print circuitry on silicon wafers, which are then cut into microchips. Japan's Nikon Corp. ranks No. 1. ASML said it sold 80 systems in the first half, 69 new systems and 11 based on older technology. That's down from a total of 98 systems a year ago. The average selling price of the systems rose 10 percent, the company said. Estimates ranged from a loss of 2.7 million euros ($2.85 million), or 0.02 euro per share, to a profit of 2.4 million euros, or 0.02 euro per share. The announcement was made before the start of trading in Amsterdam. ASML shares fell 5.55 euros, or 8.3 percent, to 61.7 yesterday. Jul/21/1999 2:16