ASML Stock Tanks After Its Unexpectedly Early Results Include Weak Outlook

Earnings and Financial Performance - ASML Holding accidentally released its third-quarter results a day earlier than expected, causing a significant drop in its New York Registry Shares [1] - Third-quarter net sales were 7.47 billion euros, exceeding estimates, but net bookings of 2.63 billion euros fell well short of the expected 5.59 billion euros [2] - The company's 2025 net sales outlook is now projected to be between 30 billion euros and 35 billion euros, which is at the lower end of its previously forecast range and below the analyst consensus estimate of 36.10 billion euros [1] Market and Industry Trends - ASML's CEO highlighted that while there is strong development and upside potential in AI, other market segments are recovering more slowly than expected, leading to customer cautiousness [3] - The slower-than-expected recovery is anticipated to continue into 2025, impacting the company's performance [3] Stock Performance - ASML shares experienced a 17% intraday drop on Tuesday, pushing the stock into negative territory for the year [3]