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What's Going On With ASML Stock Wednesday?

Netherlands-based critical chipmaking firm ASML Holding NV (NASDAQ: ASML) reported a fiscal first-quarter 2024 net sales of €5.29 billion, down 21.6% year-on-year. In USD, sales of $5.75 billion missed the consensus of $6.13 billion. Net bookings for the first quarter were €3.61 billion, compared to €3.75 billion a year ago, down from fourth-quarter net bookings of €9.19 billion. Of these quarterly net bookings, €656 million was EUV for the first quarter, versus fourth-quarter net bookings of €5.6 billion. The stock price declined after the results. Also Read: ASML Faces Setback as Huawei Innovates ...