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ASML stock is down for the second day in a row due to a weak outlook
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ASML stock is down for the second day in a row due to a weak outlook



<p>Peter Boer/Bloomberg via Getty Images</p>
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Peter Boer/Bloomberg via Getty Images

Key insights

  • ASML shares fell for a second straight day after the company's 2025 forecast was disappointing.

  • Due to a technical error, the semiconductor device maker accidentally released its results a day early on Tuesday.

  • The company's stock fell into the red for 2024 on Tuesday.

ASML Holding (ASML) New York Registry shares fell again on Wednesday, a day after the company's early earnings release disappointed investors.

The Netherlands-based semiconductor device maker cut its 2025 net sales forecast to 30 billion euros to 35 billion euros ($32.7 billion to $38.1 billion). That's in the lower half of the company's previously forecast range and below Visible Alpha analysts' consensus estimate of €36.1 billion.

Third-quarter results were originally scheduled to be released on Wednesday, but appeared early on the company's website due to a “technical error.”

Shares of ASML fell more than 6% on Wednesday afternoon after plunging 16% on Tuesday following its early results. The stock fell into negative territory for the year on Tuesday and is now down 10% year-to-date.

Read the original article on Investopedia.

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