ASML Net Plunges 37%, Alstom Revenues Climbs 10%

Nigel Thomas
21 Jan, 2015
New York City

ASML Holding net tumbled 37% to

[R]4:00 PM Frankfurt – ASML Holding net tumbled 37% to €304.8 million and starts share buyback program worth €1 billion from tomorrow. Alstom sales soared 10% to €1.5 billion. Metro Bank net loss narrowed. Pets at Home Group revenues climbed 8% to £182 million.[/R]

In London trading, FTSE 100 index increased 0.8% or 55.45 to 6,675.55 and in Frankfurt the DAX index fell 0.3% or 27.07 to 10,230.06.

In Paris, CAC 40 index edged down 0.01% or 0.44 to 4,445.58.

ASML Holding NV gained 0.8% to €90.20 after the semiconductor equipment provider said total net sales in the fourth-quarter ending in December declined 19.5% to €1.49 billion from €1.85 billion a year ago period.

Net income in the quarter tumbled 36.6% from a year ago to €304.8 million compared to €481.1 million and diluted earnings per share dropped to €0.70 from €1.08.

The company intends to share buyback up to 3.3 million shares worth about €1 billion that will start from tomorrow.

Alstom SA climbed 3.7% to €28.43 after the France-based transport and energy infrastructure provider reported sales in the third-quarter ending in December soared 10% to €1.50 billion from a year ago period.

In the quarter, Alstom booked orders worth €1.62 billion compared to €2.54 billion compared to same period last year.

The company said as of December order backlog was about €27 billion, representing 4-year sales.

Metro Bank Plc, the financial service provider said total deposits in the fourth-quarter ending in December surged 118% to £2.87 billion from £1.32 billion a year ago period.

The bank said total loss in the quarter narrowed to £8.9 million compared to £9.4 million in the third-quarter.

Pets at Home Group Plc jumped 3.3 to 209.50 pence after the U.K.-based pet food and products retailer said total revenue in the third-quarter ending on January 1 climbed 7.8% to £182.2 million from £169 million a year ago period.

Sports Direct International Plc declined 5.6% to 717.83 pence on media report the founder of U.K.-based sports and leisure goods retailer Mike Ashley set to divest 2.7% stake or 15.4 million shares worth about 115 million.