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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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From: Return to Sender	11/2/2023 7:28:52 AM
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Allegro Microsystems beats by $0.03, reports revs in-line; guides Q3 EPS below consensus, revs below consensus 7:11 AM ET 11/2/23 \| Briefing.com Reports Q2 (Sep) earnings of $0.40 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $0.37; revenues rose 15.9% year/year to $275.5 mln vs the $274.99 mln FactSet Consensus. Co issues downside guidance for Q3, sees EPS of $0.27-$0.31 vs. $0.36 FactSet Consensus; sees Q3 revs of $250-$260 mln vs. $268.92 mln FactSet Consensus. Gross Margin is expected to be approximately 54%, reflecting lower distribution sales and the initial impact of Crocus.

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