ASML Holding (ASML) New York Registry Shares dropped again on Wednesday, a day after the company's early earnings release underwhelmed investors.
ASML's lackluster EPS caused semiconductors to decline yesterday. Nevertheless, Stock Strategist Andrew Rocco explains that Wall Street's expectations, technical factors, and the options market suggest that investors should buy the dip.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to explain why he's dropping ASML from his portfolio.
A day after the stock plunged, investors weren't encouraged by management commentary.
Global semiconductor stocks are facing a fresh gut check after Netherlands-based ASML warned that sales were looking sluggish. ASML stock has now lost more than $65 billion in market value.
ASML Holding N.V. (NASDAQ:ASML ) Q3 2024 Results Conference Call October 16, 2024 9:00 AM ET Company Participants Skip Miller - Vice President, Investor Relations Christophe Fouquet - President and Chief Executive Officer Roger Dassen - Executive Vice President and Chief Financial Officer Conference Call Participants Joe Quatrochi - Wells Fargo Didier Scemama - Bank of America Mehdi Hosseini - Susquehanna Chris Caso - Wolf Research Francois-Xavier Bouvignies - UBS Alexander Duval - Goldman Sachs Tammy Qiu - Berenberg C.J.
ASML's shares plummeted 16% after an accidental early release of Q3 results. Despite a net bookings miss, ASML achieved 20% Q/Q revenue growth and remained profitable. However, bookings fell 53% Q/Q, prompting a lowered FY 2025 revenue outlook. ASML now trades at a discount to rivals, presenting a potential rebound opportunity, especially if other chip stocks reignite investor enthusiasm.
Dutch tech giant ASML caused chaos after accidentally publishing financial results a day earlier than scheduled – along with a warning that the slumping computer chip market will take longer than expected to recover.
A day after a profit warning that rocked the stock market, executives at ASML Holding said the slower-than-expected recovery in the microchip market will have the sharpest impact on sales to China while having a relatively minor impact on sales of its most advanced systems elsewhere in the world.
It's been a week to forget for ASML Holding NV (NASDAQ:ASML).
A group of Dutch shareholders on Wednesday reacted with dismay to chip equipment maker's ASML's accidental early publication of its third-quarter earnings, but were also sympathetic to what they called a "human mistake."