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Earnings Review and Free Research Report: ASML Holding Reported Better Than Expected Earnings Results

Research Desk Line-up: Park Electrochemical Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on ASML Holding N.V. (NASDAQ: ASML), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ASML, following the Company's posting of its financial results on October 17, 2017, for the third quarter of the fiscal year 2017. The Bank's net revenue increased 34.5% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Semiconductor Equipment & Materials industry. Pro-TD has currently selected Park Electrochemical Corp. (NYSE: PKE) for due-diligence and potential coverage as the Company reported on October 03, 2017, its financial results for Q2 FY18 which ended on August 27, 2017. Register for a free membership today, and be among the early birds that get access to our report on Park Electrochemical when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ASML; also brushing on PKE. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ASML

http://protraderdaily.com/optin/?symbol=PKE

Earnings Reviewed

For the three months ended October 01, 2017, ASML Holding's total net revenue increased 34.5% to $2.45 billion from $1.81 billion in Q3 FY16.

During Q3 FY17, ASML Holding's gross profit increased 25.7% to $1.05 billion from $834.4 million in the same period of last year. For the reported quarter, the Company's gross margin decreased 310 basis points to 42.9% of revenue from 46% of revenue in Q3 FY16. During Q3 FY17, ASML Holding's adjusted gross profit increased 22.3% to $976.7 million from $798.2 million in the same period of last year. For the reported quarter, the Company's adjusted gross margin decreased 400 basis points to 39.9% of revenue from 43.9% of revenue in Q3 FY16.

During Q3 FY17, the Company's R&D expenses increased 15% to $314.5 million from $273.4 million in the same period of last year. For the reported quarter, the Company's selling, general, and administrative expenses (SG&A) increased 16.3% to 103.3 million from $88.8 million in Q3 FY16.

For the reported quarter, ASML Holding's operating income increased 32.3% to $655.6 million from $495.6 million in the same period of last year. During Q3 FY17, the Company's operating margin decreased 50 basis points to 26.8% of revenue from 27.3% of revenue in Q3 FY16. For the reported quarter, the Company's adjusted operating income increased 19.9% to $667.6 million from $556.4 million in the same period of last year. During Q3 FY17, the Company's adjusted operating margin decreased 340 basis points to 27.2% of revenue from 30.6% of revenue in Q3 FY16.

For the reported quarter, ASML Holding's net income increased 4% to $557.1 million on a y-o-y basis from $395.9 million in Q3 FY16. For the reported quarter, the Company's adjusted net income increased 35% to $574.8 million on a y-o-y basis from $425.5 million in Q3 FY16. During Q3 FY17, ASML Holding's diluted earnings per share (EPS) increased 38.7% to $1.29 on a y-o-y basis from $0.93 in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS increased 34.3% to $1.33 on a y-o-y basis from $0.99 in Q3 FY16. The adjusted diluted EPS surpassed analysts' expectations of $1.28.

Balance Sheet

As on October 01, 2017, ASML Holding's cash and cash equivalents decreased 28.5% to $2.08 billion from $2.91 billion as on December 31, 2016.

During Q3 FY17, the Company's net accounts receivable increased 137.6% to $1.66 billion from $700.2 million in Q4 FY16.

For the reported quarter, the Company's net finance receivables decreased 69.1% to $138.2 million from $447.4 million in Q4 FY16.

For the reported quarter, the Company's systems backlog increased 64.4% to $5.69 billion from $3.46 billion in Q3 FY16.

As on October 01, 2017, ASML Holding's net inventories increased 7.8% to $3.00 billion from $2.78 billion in the same period of last year.

During Q3 FY17, the Company's cash provided by operating activities was positive $400.0 million compared to negative $2.7 million on October 02, 2016.

During Q3 FY17, the Company's free cash flow was positive $302.0 million compared to negative $72 million on October 02, 2016.

Outlook

For Q4 FY17, ASML Holding expects net revenue to be $2.1 billion and gross margin to be 44%. The Company estimates effective tax rate to be 14% for Q4 FY17.

Stock Performance

At the closing bell, on Thursday, October 19, 2017, ASML Holding's stock rose 2.50%, ending the trading session at $176.02. A total volume of 1.12 million shares have exchanged hands, which was higher than the 3-month average volume of 839.98 thousand shares. The Company's stock price skyrocketed 14.08% in the last three months, 35.37% in the past six months, and 69.10% in the previous twelve months. Moreover, the stock soared 56.88% since the start of the year. The stock is trading at a PE ratio of 34.82 and has a dividend yield of 0.72%. The stock currently has a market cap of $74.12 billion.

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