ASML Holding NV (NASDAQ:ASML) shares are trading higher Wednesday after the company reported better-than-expected financial results.
ASML reported first-quarter revenue of $3.97 billion, which beat the $3.88 billion estimate. The company reported quarterly earnings of $1.94 per share, which beat the estimate of $1.80 per share.
ASML said it expects second-quarter revenue to be between $5.53 billion and $5.75 billion. The company expects gross margins to be between 49% and 50%.
ASML is a semiconductor industry supplier. The company provides chipmakers with hardware, software and services to mass produce microchips.
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ASML 52-Week Range: $558.77 - $895.93
According to data from Benzinga Pro, the stock was up 4.22% at $642.71.
Photo: courtesy of ASML.
