**ASML Shares Plummet After Q3 Results Miss Estimates Due to Technical Error**

On Tuesday, ASML Holding NV, a prominent Dutch chipmaker, saw its NASDAQ-listed shares fall dramatically by 17%, marking the largest single-day drop since 2008. This significant decline came on the heels of the company's third-quarter financial results, which missed analysts' expectations.

ASML disclosed that due to a technical error, premature release of its Q3 financial results occurred on its website. As a measure of transparency, the company decided to publish its full Q3 results earlier than planned. The official report now available shows net sales at 7.5 billion euros, falling short of the lowest analyst forecast of 7.6 billion euros.

Despite the disappointing net sales, ASML's gross margin reached 50.8%, demonstrating the company's operational efficiency and profitability. Moreover, earnings per share (EPS) stood at 5.28 euros, exceeding the lowest projected EPS of 5.07 euros.

Challenges remain on the horizon for ASML, particularly with the ongoing U.S. and Dutch export restrictions on shipments to China, a key market for the company. Nonetheless, ASML continues to be a critical player in the global semiconductor industry. The company's future outlook will likely play a crucial role in shaping industry sentiment and direction.

For those interested in a more in-depth analysis of ASML's performance, GuruFocus provides detailed charts and insights.