ASML reported 4Q earnings on Wed 20 Jan 16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

ASML beats by $0.08, beats on revs; guides Q1 revs below consensus; proposes to raise dividend by 50%, plan for additional EUR 1 billion share repurchases :

• Reports Q4 (Dec) earnings of 0.68 per share, 0.08 better than the Capital IQ Consensus of 0.60; revenues fell 4.0% year/year to 1.43 bln vs the 1.42 bln Capital IQ Consensus.
• Co issues downside guidance for Q1, sees Q1 revs of EUR1.3 bln vs. 1.41 bln Capital IQ Consensus Estimate.
• Dividend and new Share Buyback Program
  • ASML proposes a dividend per ordinary share which is 50 percent higher compared with last year - to declare a dividend in respect of 2015 of EUR 1.05 per ordinary share (for a total amount of approximately EUR 450 million), compared with a dividend of EUR 0.70 per ordinary share paid in respect of 2014.
  • ASML also announces a new share buyback program, to be executed within the 2016-2017 time frame.
    • As part of this program, ASML intends to purchase shares up to EUR 1.5 billion, which includes an amount of approximately EUR 500 million remaining from the prior program, announced on January 21, 2015. ASML intends to cancel the shares upon repurchase. This buyback program will start on January 21, 2016.