Shares of ASML Holding N.V. were gaining more than 1 percent in Amsterdam trading after the Dutch semiconductor equipment maker reported Wednesday higher profit and net sales in its fourth quarter. The company also projects higher sales in fiscal 2022, and a 100 percent increase in total dividend.
ASML President and Chief Executive Officer Peter Wennink, said, "For ASML, 2021 was a strong growth year in a dynamic environment. We experience higher demand for our systems than our production capacity can accommodate... The lower net sales guidance for the first quarter is due to a significant number of fast shipments, translating to approximately €2 billion of expected revenue shift from the first quarter to subsequent quarters."
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