What's Going On With ASML Shares Friday?
Portfolio Pulse from Dylan Berman
ASML Holding N.V. (NASDAQ:ASML) shares are rising after a previous decline due to soft guidance. The company provided a 2024 Q4 net sales outlook of €8.8-€9.2 billion and expects 2024 fiscal year net sales of €28 billion. For 2025, net sales are projected at €30-€35 billion with a gross margin of 51%-53%. The CEO noted that 2025 guidance is in the lower half of the previous range due to delayed EUV demand.
October 18, 2024 | 5:44 pm
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ASML shares are rebounding after a decline due to soft guidance. The company provided a 2024 Q4 net sales outlook of €8.8-€9.2 billion and expects 2024 fiscal year net sales of €28 billion. For 2025, net sales are projected at €30-€35 billion with a gross margin of 51%-53%. The CEO noted that 2025 guidance is in the lower half of the previous range due to delayed EUV demand.
ASML's stock is moving higher after a previous decline due to soft guidance. The market appears to be reacting positively to the company's long-term sales projections despite the CEO's note on delayed EUV demand. The rebound suggests investor confidence in ASML's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100