THE HAGUE, Netherlands ( TheStreet) -- ASML Holding ( ASML) swung to a second-quarter profit of €239 million ($304 million) from a year-earlier loss of €104 million as the supplier to the chip industry saw strong demand.

ASML said revenue in the quarter rose to €1.07 billion from €277 million a year earlier.

ASML, the maker of lithography systems for the semiconductor industry, said it expects 2010 full-year sales to be 10% to 15% higher than its 2007 record of €3.8 billion.

"This level of sales is expected to continue into 2011, barring a major macro-economic downturn, as it is supported by a number of fundamental growth drivers," said ASML CEO Eric Meurice, in a statement.

ASML booked orders worth €1.18 billion in the second quarter. It expects bookings of about €1.3 billion in the third quarter.

-- Reported by Joseph Woelfel in New York.

Get more stock ideas and investing advice on our sister site, Stockpickr.com.
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.