Shares of ASML Holding N.V. (ASML) slipped nearly 4% on Wednesday morning after reporting first-quarter results, despite both profit and revenues rising from last year.
The stock is currently trading at $1,464.00, down $54.30 or 3.58%, on the Nasdaq. It opened at $1,473.37 after closing the previous session at $1,518.30. The stock has traded between $614.06 and $1,547.22 over the past 52 weeks.
ASML reported net income of €2.757 billion, up from €2.355 billion last year, with earnings per share rising to €7.15 from €6.00.
Revenue increased to €8.767 billion from €7.742 billion, driven by growth in both systems and services.
The company expects second-quarter sales to increase €8.4 billion to €9.0 billion and forecasts full-year revenue of €36 billion to €40 billion.
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