Lithography specialist ASML (Nasdaq:ASML) isn't a typical semiconductor equipment company. ASML owns a significant share of its market and has actually seen prices strengthen over the last decade, while most equipment companies have gone the other route. With ASML's equipment occupying a key space in chip fabrication, investors may well see management's strong guidance as a sign that the semiconductor industry really is on track to rebound in 2012.
A Strong End to the Year
Although ASML did report both sequential and annual declines in revenue for the fourth quarter, results were nonetheless better than analysts had expected. Revenue fell 17% from the third quarter, but was about 7% above the average analyst estimate. For the quarter, ASML saw system unit sales fall 24% to 41 units.
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