ASML Shares Get Harder to Value as Firm Stops Disclosing Orders

ASML Holding NV will omit the one metric that has driven its share price more than any other when it reports earnings Wednesday, injecting uncertainty into a stock nearing record highs.

The world’s sole supplier of cutting-edge extreme ultraviolet lithography tools said last year it would stop publishing quarterly orders — a key indicator of customer demand — leaving investors to look elsewhere for clues on the outlook for advanced semiconductor production.