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Wednesday, January 17, 2018

-=ASML (ASML) reported earnings on Wed 17 Jan 2017 (b/o)

  • ASML Holding, a major supplier of semiconductor manufacturing equipment

ASML beats by EUR 0.44, beats on revs; guides Q1 revs below consensus; announces new buyback
  • Reports Q4 (Dec) earnings of 1.50 per share, 0.44 better than the Capital IQ Consensus of 1.06; revenues rose 34.3% year/year to 2.56 bln vs the 2.15 bln Capital IQ Consensus.
    • Q4 gross margin 45.2%
  • Co issues downside guidance for Q1, sees Q1 revs of ~EUR2.2 bln vs. 2.34 bln Capital IQ Consensus Estimate.
    • Q1 gross margin between 47-48%
  • Co proposes 17 percent dividend increase to EUR 1.40 per share
  • New Share Buyback Program
    • As part of ASML's financial policy to return excess cash to shareholders through dividends and regularly timed share buybacks, ASML announces a new share buyback program, to be executed within the 2018-2019 time frame. As part of this program, ASML intends to purchase shares up to EUR 2.5 billion.
    • ASML intends to cancel these shares after repurchase, with the exception of up to 2.4 million shares which will be used to cover employee share plans.
    • This buyback program will start on January 18, 2018.

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