U.S. Stock Market News | ASML continues to fall nearly 6% after a profit warning in Q3, dropping 20% over 2 trading days

Following yesterday's rare performance disappointment, ASML continued to weaken after the opening on Wednesday, with a sharp drop of 20% over 2 trading days. As of the time of writing, it has further declined by nearly 6%, trading at $688.54. On the news front, the third-quarter financial report shows that ASML's Q3 order size totaled only 2.6 billion euros, nearly half of the market's general expectation of 5.4 billion euros. At the same time, the company expects the total net sales to grow to between 30 billion and 35 billion euros by 2025. However, compared to the previous quarter's guidance of 30-40 billion euros, this latest expected figure is only in the lower half of the guidance provided at the 2022 Investor Day, indicating a significant reduction in sales prospects by ASML management