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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

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From: Return to Sender	10/30/2023 4:15:37 PM
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Monolithic Power beats by $0.02, reports revs in-line; guides Q4 revs in-line; announces $640 mln for share repurchases 4:03 PM ET 10/30/23 \| Briefing.com Reports Q3 (Sep) earnings of $3.08 per share, excluding non-recurring items, $0.02 better than the FactSet Consensus of $3.06; revenues fell 4.1% year/year to $474.87 mln vs the $474.12 mln FactSet Consensus. Co issues in-line guidance for Q4, sees Q4 revs of $442-462 mln vs. $451.69 mln FactSet Consensus.Co added, "While we expect visibility to remain limited in the short term, which was the same as last quarter, we continue to execute on our long-term strategy."Co also authorized $640 mln for share repurchases.

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