ASML Holdings (ASML) Misses Q3 EPS by 12c; Updates on Stock Buyback Program

ASML Holdings (NASDAQ: ASML) reported Q3 EPS of EUR0.93, EUR0.12 worse than the analyst estimate of EUR1.05. Revenue for the quarter came in at EUR1.82 billion versus the consensus estimate of EUR1.89 billion.

Update Share Buyback Program

As part of ASML's financial policy to return excess cash to shareholders through dividends and regularly timed share buyback programs, ASML in January 2016 announced its intention to purchase up to EUR 1.5 billion of shares to be executed within the 2016-2017 time frame. ASML intends to cancel the shares upon repurchase.

Through October 2, 2016, ASML has acquired 4.8 million shares under this program for a total consideration of EUR 400 million. The repurchased shares will be canceled.

GUIDANCE:

ASML Holdings sees Q4 2016 revenue of EUR1.7-1.8 billion.

For earnings history and earnings-related data on ASML Holdings (ASML) click here.

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