ASML Lifts Q3 Forecast - Eric Savitz (Barron's)

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ASML Lifts Q3 Forecast
Sep 10, 2009 01:16 PM UTC

Eric Savitz (Barron's)

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ASML	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

ASML Holding (ASML) this morning lifted its Q3 revenue forecast. The semiconductor equipment maker said the improved outlook reflects “the short- and mid-term needs in the DRAM memory and logic segments.”

ASML now sees Q3 and Q4 sales above 500 million Euros each, with Q3 bookings “significantly above that level.”

Previous guidance had been for Q3 sales of about 450 million Euros.

The news is consistent with bullish comments on the sector last week from Novellus (NVLS) and a series of guidance increases this week from chip companies.

In early trading, ASML is up 75 cents, or 2.6%, to $30.14.

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