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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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Sam

The Ox

From: Return to Sender	3/28/2023 7:50:05 PM
	3 Recommendations Read Replies (1) of 95572

Micron misses by $1.03, reports revs in-line; guides MayQ EPS below consensus, revs in-line; customer inventories improving 4:06 PM ET 3/28/23 \| Briefing.com Reports Q2 (Feb) loss of $(1.91) per share, excluding non-recurring items, $1.03 worse than the S&P Capital IQ Consensus of $(0.88); revenues fell 52.6% year/year to $3.69 bln vs the $3.71 bln S&P Capital IQ Consensus. Co issues guidance for Q3 (May), sees EPS of $(1.65)-$(1.51), excluding non-recurring items, vs. $(0.92) S&P Capital IQ Consensus; sees Q3 revs of $3.5-3.9 bln vs. $3.75 bln S&P Capital IQ Consensus.Co added, "Customer inventories are getting better, and we expect gradual improvements to the industry's supply-demand balance. We remain confident in long-term demand and are investing prudently to preserve our technology and product portfolio competitiveness."

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