ASML Stock Tumbles After Full-Year Guidance Cut

By | July 17, 2014

Scalper1 News

ASML Holdings (ASML) was down 2.5% in the stock market today after the Dutch maker of lithography gear for the chip industry lowered its full-year guidance, though its Q2 earnings beat expectations. Late Wednesday, ASML reported Q2 earnings of $1.25 a share, up 87% from the year-earlier quarter and beating estimates by 20 cents. Sales rose 45% to $2.25 billion, about $10 million above consensus. ASML guided Q3 sales in line with expectations at Scalper1 News

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