ASML shares drop over 13% after missing Q3 net bookings and providing disappointing outlook

From Yahoo Finance.: 2024-10-15 11:30:44

ASML Holding (AS:ASML) saw its shares drop over 13% after reporting Q3 results that missed analyst expectations. The company posted Q3 earnings of €5.28 per share, below the expected €5.40, with revenue of €7.47 billion. ASML’s net bookings of €2.6 billion also missed estimates. The company anticipates Q4 revenue of €8.8 billion to €9.2 billion, with full-year 2024 revenue forecasted at around €28 billion. Looking ahead to 2025, ASML expects revenue of €30 billion to €35 billion, with CEO Christophe Fouquet attributing the slower market recovery to delays in AI and other segments. Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD) have also seen declines in their shares post-ASML’s announcement.



Read more at Yahoo Finance.: ASML shares plunge as Q3 net bookings miss estimates, outlook disappoints