Update: ASML Shares Slump on Lower Q2 Results, Downbeat Q3 Guidance-March 2024-www.financetom.com

Update: ASML Shares Slump on Lower Q2 Results, Downbeat Q3 Guidance

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Update: ASML Shares Slump on Lower Q2 Results, Downbeat Q3 Guidance

Jul 17, 2024 9:12 AM

11:47 AM EDT, 07/17/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

ASML Holding ( ASML ) shares were down nearly 11% in recent Wednesday trading after the company's Q2 earnings and sales fell year-over-year and it issued a downbeat Q3 sales outlook.

The company reported Q2 earnings of 4.01 euros ($4.38) per diluted share, down from 4.93 euros a year earlier.

Analysts polled by Capital IQ expected 3.67 euros.

Net sales for the quarter ended June 30 were 6.24 billion euros, compared with 6.9 billion euros a year earlier.

Analysts polled by Capital IQ expected 6.07 billion euros.

The company said it expects Q3 net sales of 6.7 billion euros to 7.3 billion euros.

Analysts surveyed by Capital IQ expect 7.63 billion euros.

Price: 953.46, Change: -114.73, Percent Change: -10.74

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