ASML bounces back to Q2 profit on strong sales

ASML Holding NV, a key supplier to computer chip makers, said Wednesday it bounced back to profit in the second quarter from a loss in the same period last year thanks to a sharp rebound in demand.

The company, which supplies tools to Intel and Samsung, said it made a net profit of (EURO)239 million ($300 million), compared to a loss of (EURO)104 million in the same period last year. Revenues rose to (EURO)1.07 billion from (EURO)277 million in last year's second quarter.

ASML said in a statement it expects full-year sales in 2010 to be 10-15 percent higher than its 2007 record of (EURO)3.8 billion as chip makers make up for under-investment amid the …