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Technology Stocks : Semi Equipment Analysis

SOXX 289.38

-3.4%

Nov 13 4:00 PM EST

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To: Return to Sender who wrote (88930)	8/31/2022 5:29:47 PM
From: Return to Sender	1 Recommendation Read Replies (1) of 95415

Semtech Stock Tanks After Chipmaker Whiffs On Guidance finance.yahoo.com The Camarillo, Calif.-based company earned an adjusted 87 cents a share on sales of $209.3 million in the quarter ended July 31. Analysts had expected Semtech earnings of 85 cents a share on sales of $208.3 million. On a year-over-year basis, Semtech earnings rose 34% while sales climbed 13%. For the current quarter, Semtech forecast adjusted earnings of 63 cents a share on sales of $175 million. That's based on the midpoint of its outlook. However, Wall Street was looking for earnings of 90 cents a share on sales of $215.6 million in the fiscal third quarter. In the year-earlier period, Semtech earned 74 cents a share on sales of $194.9 million. "The macro demand environment is deteriorating and, as a result, we are anticipating a weaker second half performance," Chief Executive Mohan Maheswaran said in a news release. The stock is down over 3 points and almost 7% after hours to slightly below 43. RtS

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