DR VELDHOVEN, Netherlands (AP) — DR VELDHOVEN, Netherlands (AP) — ASML Holding NV (ASML) on Wednesday reported fourth-quarter earnings of $2.87 billion.

The Dr Veldhoven, Netherlands-based company said it had profit of $7.30 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $7.18 per share.

The equipment supplier to semiconductor makers posted revenue of $9.88 billion in the period.

For the year, the company reported profit of $8.19 billion, or $20.82 per share. Revenue was reported as $30.59 billion.

ASML shares have declined slightly more than 1% since the beginning of the year. The stock has decreased 23% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASML at https://www.zacks.com/ap/ASML