ASML results spook market as sales drop below expectations
ASML, the firm which makes machines to produce computer chips, saw its shares drop on Wednesday after the release of its first-quarter results. Stock in Europe's most valuable tech company was down by as much as 6.4%, as investors responded to a number of disappointing indicators. ASML recorded €5.29 billion in net sales during the first three months of the year, compared with a predicted €5.39 billion. Net bookings, a figure which looks at the value of orders received, came in at €3.6 billion in the first quarter, compared with estimates of €4.63 billion. Russ Mould, investment director at AJ...