FRANKFURT, April 19 (Reuters) - Dutch semiconductor equipment supplier ASML on Wednesday reported strong net income and sales during the first quarter, said sales for the second quarter would be around the same levels and that demand looked healthy for the rest of 2017.
The company posted net income of 452 million euros, significantly higher than analysts’ average forecast of 397 million euros in a Reuters poll and more than doubling profit from 198 million euros reported in the year-ago quarter.
Net sales grew 46 percent year over year to 1.94 billion euros ($2.08 billion) for the first three months of 2017, compared with analyst expectations for 1.82 billion euros.
“A positive industry environment provided a strong start to 2017 and healthy demand is expected to continue throughout the rest of the year,” ASML Chief Executive Peter Wennink said in a statement.
$1 = 0.9329 euros Reporting By Eric Auchard; Editing by Victoria Bryan