ASML Holding N.V. (ASML)
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ASML reports transactions under its current share buyback program
The linchpin of the semiconductor market remains a red-hot stock.
The stock price of ASML Holding NV (NASDAQ: ASML) fell by over 3% during intraday trading today. This is why it happened.
Microchip equipment maker ASML says materials shortage and logistics issues to weigh on fourth-quarter revenue2021-10-20 08:35
ASML Holding, Europe's largest tech company, on Wednesday forecast revenue will miss analyst estimates in the fourth quarter as it struggles to get the necessary materials and reported start-up issues at a new logistics center.
The company, a critical supplier of manufacturing equipment to the semiconductor industry, said it faces a materials shortage in its supply chain.
European shares inched lower on Wednesday as underwhelming earnings reports from French luxury group Kering and Dutch semiconductor company ASML overshadowed strong results from Nestle and others.
By Ian Walker
ASML Holding NV, a key supplier to computer chip makers, on Wednesday reported slightly better-than-expected third quarter net income of 1.7 billion euros ($1.98 billion), amid strong demand for its products and a global semiconductor shortage.
ASML report s €5.2 billion net sales and €1.7 billion n et income in Q3 2021 Expected growth for 2021 to approach 35%
ASML Holding's (ASML) third-quarter results are likely to reflect benefits from strong momentum across EUV Sytems, and the memory market despite the coronavirus-led uncertainties.