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ASML Drops 3% as Positive Earnings Priced In, May Test $1,500 Level Short-Term

ASML Drops 3% as Positive Earnings Priced In, May Test $1,500 Level Short-Term

TradingKey – ASML Faces Profit-Taking as Earnings Good News Is Priced In, Stock Drops 3%, May Fall Another 10% in Short Term

On October 14, semiconductor equipment giant ASML (ASML) experienced a classic “sell the news” pattern after releasing its third-quarter earnings. Its stock price dropped 3% during US overnight trading, rapidly breaking below the $1,700 mark and falling as low as $1,640.95.

According to the latest financial results, ASML’s core financial metrics generally beat market expectations, except for net sales, as detailed below:

Financial Metric

Official Reported Data

Wall Street Consensus Estimate

Expectation Gap

Total Net Sales

€11.662 billion (approx. $131.6B)

€11.735 billion

Slightly below expectations

Net Profit

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