ASML is down 5% in Amsterdam, following the publication by the semiconductor industry equipment supplier of EPS of 3.11 euros for the first three months of the year, down 40% on the final quarter of 2023.

The Dutch group saw its gross margin slip by 0.4 points to 51% on revenues down 27% to 5.29 billion euros, while net order intake plunged quarter-on-quarter from 9.19 to 3.61 billion.

ASML forecasts second-quarter revenues of between 5.7 and 6.2 billion euros, with a gross margin of between 50% and 51%. Its outlook for 2024 as a whole remains unchanged, with the second half of the year expected to be stronger than the first.

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