ASML Stock: Buy, Sell or Hold?
ASML's (NASDAQ: ASML) stock plummeted 16% on Oct. 15 after it accidentally posted its third-quarter earnings report a day ahead of schedule, and the numbers weren't impressive.
The Dutch semiconductor equipment maker's net sales rose 20% year over year to 7.47 billion euros ($8.14 billion), which missed analysts' estimates by 430 million euros. Its net bookings only increased 1% to 2.63 billion euros ($2.86 billion) and missed the consensus forecast by a whopping 2.73 billion euros.
ASML's gross margin also declined by 110 basis points year over year to 50.8%. On the bottom line, its earnings rose 10% to 5.28 euros ($5.75) per share but missed analysts' expectations by 0.28 euros.
Source Fool.com
