ASML (ASML), Verizon’s (VZ) profits soar in Q3; VZ lifts guidance

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ASML (ASML), Verizon’s (VZ) profits soar in Q3; VZ lifts guidance

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 ASML (ASML), Verizon’s (VZ) profits soar in Q3; VZ lifts guidance
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Highlights

  • ASML Holding N.V. (NASDAQ: ASML) expects its Q4, FY21 net sales to be between €4.9 billion and €5.2 billion.

  • Verizon Communication Inc’s (NYSE: VZ) total operating revenue rose by 4.3% YoY in Q3, FY21.

  • VZ expects its adjusted EPS to be between US$5.35 and US$5.40 in fiscal 2021.

The ASML Holding N.V. (NASDAQ: ASML) stock fell around 1%, and Verizon Communication Inc. (NYSE: VZ) stock rose about 1% on Wednesday morning after reporting their quarterly results.

The ASML stock was priced at US$785.75, down 1.90%, while the VZ stock traded at US$53.08, up 1.39%, in the premarket at around 8:30 am ET from their previous closing prices.

Here’s a look at their quarterly earnings and the stock performances.

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ASML Holding N.V.

ASML Holding is a semiconductor company based in Veldhoven, Netherlands, and manufactures electronic chips for various industries.

Its total net sales rose to €5.24 billion in Q3, FY2021, from €3.95 billion in the same quarter the previous year. Its gross profit increased to €2.71 billion from €1.88 billion in Q3, FY2020.

The income from operations came in at €1.91 billion, compared to €1.21 billion in the year-ago quarter. It reported a net income of €1.74 billion, or €4.26 per diluted share, compared to €1.06 billion, or €2.53 per diluted share, in Q3, FY20.

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ASML Holding now expects its net sales to be between €4.9 billion and €5.2 billion in Q4, FY21.

It has a market cap of US$331.06 billion, a P/E ratio of 58.42, and a forward P/E one year of 50.19. Its EPS is US$13.71. The 52-week highest and lowest stock prices were US$895.93 and US$357.38, respectively. Its trading volume was 956,612 on October 19.

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Earnings Results: ASML Holding N.V. (ASML) and Verizon Communication Inc. (VZ)

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Verizon Communication Inc. (NYSE: VZ)

Verizon Communication is a multinational telecommunication firm based in New York. It provides communication, information, and other related services.

The total operating revenues surged 4.3% YoY to US$32.91 billion in Q3, FY21. Its operating income was US$8.90 billion, representing an increase of 16% YoY.

The company's net income was US$6.55 billion, or US$1.55 per diluted share, as compared to US$4.50 billion, or US$1.05 per diluted share in Q3, FY20.

The company has added 129,000 broadband connections in the quarter and 699,000 retail postpaid connections, including 429,000 phone net additions.

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Verizon projected its total wireless service revenue growth to be about 4% in full fiscal 2021. It also raised its adjusted EPS guidance to between US$5.35 and US$5.40, up from its previous forecast of US$5.25 and US$5.35.

The market cap of the company is US$216.73 billion, the P/E Ratio is 10.84, and the forward P/E one year is 9.88. Its EPS is US$4.83. The stock saw the highest price of US$61.95 and the lowest price of US$50.86 in the last 52 weeks. Its share volume on October 19 was 16,094,800.

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Bottomline

The ASML stock grew in recent quarters amid robust global demand for semiconductors, while the VZ stock saw substantial quarterly gains, topping analysts' expectations as it added more postpaid users than expected. The ASML stock rose 60.19% YTD, while VZ stock fell 11.05% YTD. However, investors should evaluate the stocks carefully before investing,

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