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Technology Stocks : Semi Equipment Analysis

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Dec 5 4:00 PM EST

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From: Return to Sender	8/29/2024 6:04:11 PM
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Marvell reports EPS in-line, beats on revs; guides Q3 EPS in-line, revs in-line 4:10 PM ET 8/29/24 \| Briefing.com Reports Q2 (Jul) earnings of $0.30 per share, excluding non-recurring items, in-line with the FactSet Consensus of $0.30; revenues fell 5.1% year/year to $1.27 bln vs the $1.25 bln FactSet Consensus.Co added, "We saw strong growth from our electro-optics products and our custom AI programs began to ramp. Next quarter, we expect our combined enterprise networking and carrier end markets to return to growth, while our data center end market growth accelerates."Co issues in-line guidance for Q3 (Oct), sees EPS of $0.35-0.45, excluding non-recurring items, vs. $0.38 FactSet Consensus; sees Q3 revs of $1.45 bln +/- 5%, implying $1.38-1.52 bln vs. $1.41 bln FactSet Consensus.

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