Asml q2 net income misses refinitiv poll
Asml reports 3.3 billion net sales at 48.2% gross margin in q2 2020, 2020 sales growth expectations unchanged. q2 net sales of 3.3 billion, net income of 0.8 billion, gross margin of 48.2%. q2 net bookings of 1.1 billion. end q2 cash and cash equivalents, short term investments of eur 4.44 billion versus eur 4.11 billion at end q1 2020. q2 gross profit eur 1.60 billion versus eur 1.66 billion in refinitiv poll. asml holding nv q2 refinitiv poll net sales eur 3.42 billion; gross profit eur 1.66 billion; net income eur 860.1 million. on covid 19 operational capabilities are largely back to normal now. we will remain vigilant as covid 19 is not yet behind us ceo. we expect q3 revenue between 3.6 billion and 3.8 billion with a gross margin between 47% and 48%. we expect q3 research and development costs of around 545 million and sg& a costs of around 140 million. estimated annualized effective tax rate is expected to be around 14% for 2020. our 2020 growth expectations are largely unchanged relative to our view at the start of the year. has agreed to acquire all shares of berliner glas, a privately held manufacturer of ceramic and optical modules. financial details of the transaction will not be disclosed. acquisition will be completed once all the necessary regulatory approvals have been obtained, which is expected before the end of 2020.