Europe's largest producer of semiconductor equipment ASML Holding reported better than predicted by analysts, results for the quarter and promised to increase the company's revenue by a quarter by 2017. Against the background of news ASML's stock price jumped by 4.9%, which was the most significant daily gain since January 2017, reports Bloomberg.

The revenue of the Dutch company in April-June increased by 8% compared to the first quarter and amounted to 2.1 billion euros, and the net profit rose by 3%, from 452 to 466 million euros. Both figures outperformed the forecasts of experts who expected sales of 2 billion euros and a profit of 419.5 million euros.

"Last quarter was very successful. ASML is confidently moving towards its goal of achieving a 25 percent increase in sales by the end of the year, "commented the head of ASML, Peter Wennink (Peter Wennink).

In the third quarter of 2017, the manufacturer of chip manufacturing equipment expects revenue of 2.2 billion euros, while the average analyst estimate provides a result of between 2.12 billion euros. Earlier in the same period ASML, which is considered a barometer of the semiconductor industry, reported revenue of 1.81 billion euros.

"ASML has shown very strong results, and its estimate for the third quarter is also better than forecasts. More importantly, ASML predicts annual revenue growth of 25%, "said ING analyst Nigel van Putten,.