Why ASML Holding Fell 10.2% in April
Shares of semiconductor equipment manufacturer ASML Holding (NASDAQ: ASML) fell 10.2% in April, according to data from S&P Global Market Intelligence.
ASML released its first-quarter earnings report during April, but really, it was likely the massive sell-off across technology stocks that took the stock down, as interest rates rose and fears of a recession overcame everything.
In the first quarter, ASML delivered revenue of 3.5 billion Euros, and earnings per share of 1.73 Euros. Both figures beat expectations, although investors looking at just the headlines may have been surprised that revenue only grew 11.8%.
Source Fool.com
