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Technology Stocks : Semi Equipment Analysis

SOXX 306.55

+0.4%

Oct 31 5:00 PM EST

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To: Return to Sender who wrote (90512)	8/2/2023 4:48:01 PM
From: Return to Sender	Read Replies (1) of 95333

Qualcomm beats by $0.06, reports revs in-line; guides Q4 EPS in-line, revs in-line; continues to estimate that CY23 handset units will be down at least by high single digits 4:07 PM ET 8/2/23 \| Briefing.com Reports Q3 (Jun) earnings of $1.87 per share, excluding non-recurring items, $0.06 better than the FactSet Consensus of $1.81; revenues fell 22.2% year/year to $8.5 bln vs the $8.51 bln FactSet Consensus.Handset revenue down 25% to $5.3 bln.Automotive revenue up 13% to $434 mln.IoT revenue down 24% to $1.5 bln.Co issues in-line guidance for Q4, sees EPS of $1.80-$2.00 vs. $1.92 FactSet Consensus; sees Q4 revs of $8.1-$8.9 bln vs. $8.74 bln FactSet Consensus."We continue to estimate that calendar 2023 handset units will be down at least a high single-digit percentage relative to calendar 2022, reflecting the macroeconomic environment and a slower recovery in China. This forecast contemplates growth in handset units going into the holiday season.."

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