Arm Holdings Plc (NASDAQ:ARM) shares are trading lower Wednesday alongside several semiconductor stocks following soft guidance from ASML.
What Happened With ASML: ASML Holding N.V. (NASDAQ:ASML) reported second-quarter sales of €6.242 billion ($6.82 billion), which beat analyst estimates of €6.032 billion, according to Benzinga Pro. The company reported second-quarter earnings of €4.01 per share, which beat analyst estimates of €3.71 per share.
Despite beating analyst estimates on the top and bottom lines, ASML issued weak guidance for the third quarter. The company said it expects third-quarter net sales of €6.7 billion to €7.3 billion versus estimates of ...