11:52 AM EDT, 10/15/2024 (MT Newswires) -- ASML Holding ( ASML ) reported fiscal Q3 net income Tuesday of 5.28 euros ($5.76) per diluted share, up from 4.81 euros a year earlier.

Analysts polled by Capital IQ expected 4.86 euros.

Net sales for the quarter ended Sept. 29 rose to 7.47 billion euros from 6.67 billion euros a year earlier.

Analysts surveyed by Capital IQ expected 7.17 billion euros.

The company expects Q4 net sales of 8.8 billion euros to 9.2 billion euros. The consensus is for 8.95 billion euros.

For 2024, ASML ( ASML ) said it expects net sales of around 28 billion euros. Analysts are looking for 27.69 billion euros.

For 2025, the company expects net sales of 30 billion euros to 35 billion euros. Analysts surveyed by Capital IQ are looking for 35.77 billion euros.

ASML ( ASML ) shares were down more than 16% in recent trading.

Price: 727.49, Change: -144.78, Percent Change: -16.60