ASML Reports 80% Surge In Q2 Net Profit

ASML Holding NV ASML reported a more than 80% surge in its Q2 net profit. ASML's net profit rose to €432 million ($604.7 million), from €239 million, in the year-earlier period. Its sales jumped 43% to €1.529 billion. Analysts were expecting a net profit of €411.6 million on sales of €1.5 billion. ASML still projects 2011 sales to top 5 billion euros ($7.1 billion). ASML shares dropped 5.55% to close at $34.88 yesterday.