New York Registry Shares of ASML Holding (ASML) plunged Tuesday after the company accidentally released its third-quarter results a day earlier than expected.
To get the latest market news check out finance.yahoo.com US stocks took a leg lower on Tuesday as investors reacted to downbeat earnings from ASML Holding (ASML) that dropped a day earlier than expected, sending chipmaker stocks lower across the board. Shares of the leading semiconductor supplier sank around 15% after its earnings, released in an apparent error, showed a disappointing sales outlook for 2025.
The chip equipment specialist offered a weak forecast for 2025.
U.S. semiconductor stocks fell on Tuesday after chip equipment maker ASML cut its annual sales forecast and a report said the Biden administration was considering capping sales of advanced artificial intelligence processors to some countries.
Shares of Dutch semiconductor equipment giant ASML plummeted by 15.6% on Tuesday after its quarterly results were released a day early, sparking worries among investors. The disappointing earnings report, combined with weaker-than-expected bookings, not only triggered a selloff in ASML but also sent shockwaves through the broader semiconductor market.
ASML Holding (ASML) plunged after its earnings leaked, showing softening demand in the company's guidance. A report of the Biden Administration seeking to limit exports for A.I.
Shares in microchip equipment giant ASML Holding NV (NASDAQ:ASML) plummeted 14% after it warned that it sees a slower recovery in the market for semiconductors. Chip demand from artificial intelligence (AI) applications "continue to be strong developments and upside potential", said CEO Christophe Fouquet but "other market segments are taking longer to recover".
ASML published its third-quarter earnings Tuesday, a day earlier than expected, sending shares lower.
ASML Holding, the Dutch microchip-equipment maker, saw its stock slide after saying the market recovery for semiconductors will take longer than expected.
Shares in computer chip equipment maker ASML fell sharply on Tuesday after the company's third quarter earnings were published early in an apparent error and showed the company was downbeat on its 2025 sales.
ASML Holding (ASML) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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