Chip stocks dropped on Wednesday on the announcement by ASML, a significant manufacturer of machinery used in semiconductor manufacturing, of a 61% sequential decline in bookings for the first quarter. The equipment required to produce the world’s most sophisticated semiconductors, which may cost hundreds of millions of dollars apiece, are …
Read More »ASML Holdings Profit Beats Expectations, Q2 Revenue Falls Short of Expectations
ESML Holding’s report released Wednesday for second-quarter earnings said it beat analysts’ expectations. However, the company recorded revenue less than expected. Earnings per share were €2.52 while revenue was €4.02B. ESML Holdings shares gained 3.12% to trade at €599.00 intra-day, according to the report. ASML Holdings shares traded 0% lower …
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