Here's Why ASML (ASML) Fell More Than Broader Market

ASML declined 2.24% to $1,696.16 in the latest trading session, underperforming the S&P 500's 0.25% loss. The semiconductor equipment supplier is expected to report strong earnings growth with projected EPS of $12.59 (up 96.41% YoY) and quarterly revenue of $13.18 billion (up 49.99% YoY). ASML currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 38.62, trading at a premium to its industry average.