ASML shares are trading lower after the company reported worse-than-expected Q1 results and issued Q2 guidance.
Portfolio Pulse from Benzinga Newsdesk
ASML shares are trading higher despite the company reporting worse-than-expected Q1 results and issuing Q2 guidance.
April 17, 2024 | 8:11 am
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ASML shares are trading higher even after announcing worse-than-expected Q1 results and providing guidance for Q2.
Typically, stocks tend to decline following worse-than-expected earnings reports due to reduced investor confidence and potential future profitability concerns. However, ASML's share price increase suggests that investors may have had lower expectations or are focusing on positive aspects within the Q2 guidance that could indicate a stronger future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100