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ASML European Shrs Dive ~7% as 3Q Rev. Guidance Misses
ASML announced on Wednesday (16th) that its 2Q sales amounted to EUR7.692 billion, with a gross margin of 53.7% and a net profit of EUR2.29 billion. However, the company warned tha...
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ASML European Shrs Dive ~7% as 3Q Rev. Guidance Misses
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ASML announced on Wednesday (16th) that its 2Q sales amounted to EUR7.692 billion, with a gross margin of 53.7% and a net profit of EUR2.29 billion. However, the company warned that even though the 2Q revenue and net profit beat expectations, growth might stagnate next year.

ASML's 3Q revenue guidance was between EUR7.4 billion and EUR7.9 billion, missing the market expectation of EUR8.3 billion. The company also trimmed its forecast for the remainder of the year. The stock dived 6.7% in early European trading, last quoted at EUR659.

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