ASML: Q2 Semi Equip Revs Bad, But Above Forecasts

ASML Holding (ASML) shares are trading higher after the Dutch semiconductor equipment company reported Q2 results that were bad - but not as bad as feared.

Revenue for the quarter was 277 million Euro, up from 184 million in Q1, down from 844 million a year ago, and above the Street consensus of 225 million. The company lost 24 Euro cents a share in the quarter, which was about two cents better than the Street had expected.

For Q3, the company sees sales of around 450 million Euros, ahead of the previous consensus of about 423 million.

Q2 net bookings totalled 394 million Euros.

Gross margin in the quarter improved to 12.5%, from 6.7% in Q1.

ASML today is up 91 cents, or 4.1%, to $22.91.