ASML (NASDAQ:ASML) EPS Estimate Boosted on Strong Guidance

ASML (NASDAQ:ASML) had their 2011 EPS estimate raised by Susquehanna, citing the strong guidance given by the company.

Susquehanna also said,"The new system sale, combined with EU 162 million of used system sale and EU 700 million of services, leads to our updated overall revenue estimate of EU 5,289 million."

Full year 2011 EPS estimate was raised from $2.10 to $2.66.

Susquehanna is maintaining their Neutral rating on share of ASML Inc. (NASDAQ:ASML), but is raising their 2011 estimates as the company released a strong guidance during their conference call last week.

Susquehanna reiterates their "Neutral" rating on ASML, which was trading at $41.61, gaining $0.57, or 1.39 percent, as of 1:14 PM EST. Susquehanna increased its price target on ASML from $30 to $36.