Gross margin for the third quarter was 51.9% compared with 51.3%, while guidance had been around 50%, it said. For the fourth quarter, ASML said it expects to report net sales of between EUR6.7 billion and EUR7.1 billion with a gross margin between 50% and 51%. The Amsterdam-listed group confirmed it expects net sales to grow 30% on year in 2023, with a slight improvement in gross relative margin. Write to Elena Vardon at elena.vardon@wsj.com-Elena VardonThis content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires10-18-23 0241ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal October 18, 2023 12:48 UTC