Published on 1 Dec 2021 on Zacks via Yahoo Finance
ASML (ASML) Gains As Market Dips: What You Should Know
ASML (ASML) closed at $804 in the latest trading session, marking a +1.58% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.18%. At the same time, the Dow lost 1.34%, and the tech-heavy Nasdaq lost 0.92%.
Prior to today's trading, shares of the equipment supplier to semiconductor makers had lost 2.53% over the past month. This has lagged the Computer and Technology sector's gain of 0.24% and the S&P 500's loss of 0.73% in that time.
ASML will be looking to display strength as it nears its next earnings release. On that day, ASML is projected to report earnings of $4.30 per share, which would represent year-over-year growth of 11.69%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.87 billion, up 15.73% from the year-ago period.