ASML Holding NV (ASML: Quote) reported fourth quarter net income of 297.7 million euros after the close Wednesday, up from 284.7 million euros last year. Total net sales slid to 1.02 billion euros from 1.21 billion euros.
Looking ahead to first quarter of 2013, ASML expects net sales of about 850 million euros and gross margin of about 38 percent.
ASML Holding gapped open higher Thursday and has continued to rise in early trade. Shares are now up 4.60 at $68.42. The stock has climbed to a month and a half high and has re-crossed both its 50 and 200-day moving averages.
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by RTT Staff Writer
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