ASML Sticks to 2020 Outlook as Net Profit Rises

        <h2>ASML Sticks to 2020 Outlook as Net Profit Rises</h2>        
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    <p>ASML Holding NV said Wednesday that net profit for the second quarter rose sharply, driven by higher sales, and that its growth outlook for 2020 remains unchanged relative to the start of the year despite the coronavirus pandemic.

The Dutch maker of semiconductor equipment ASML, -0.52% ASML, +2.11% made a quarterly net profit of 751 million euros ($856.2 million) compared with EUR476 million for the year-earlier period.

Net sales for the second quarter rose to EUR3.33 billion from EUR2.57 billion a year before, ASML said. The company had previously said revenue it wasn’t able to recognize in the first quarter would shift to the second and third quarters.

ASML shipped nine extreme ultraviolet lithography, or EUV, systems–its most advanced technology–in the quarter. The company said its operational capabilities are now largely back to normal. Read more…………..