ASML Holding's shares dropped 7.4% due to a 22% year-over-year revenue decline in Q1.
ASML Holding's shares fell by 7.4% after the company reported a disappointing first-quarter earnings report. Revenue fell by 22% year-over-year, and the company's guidance indicated a continuing decline in year-over-year revenue. Despite revenue misses, the company's operating earnings slightly beat estimates. The stock's decline might be justified as it had seen a surge since last October, coinciding with the broader AI boom.
April 17, 2024
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