Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (92760)	8/1/2024 4:31:51 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95663

Microchip beats by $0.01, reports revs in-line; guides SepQ EPS below consensus, revs below consensus 4:20 PM ET 8/1/24 \| Briefing.com Reports Q1 (Jun) earnings of $0.53 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $0.52; revenues fell 45.8% year/year to $1.24 bln vs the $1.24 bln FactSet Consensus. Co issues downside guidance for Q2 (Sep), sees EPS of $0.40-0.46, excluding non-recurring items, vs. $0.59 FactSet Consensus; sees Q2 revs of $1.12-1.18 bln vs. $1.31 bln FactSet Consensus.Co continued to "navigate a challenging macro environment in combination with our customers focusing on reducing their inventory positions based on short lead times for our products," said Ganesh Moorthy, President and Chief Executive Officer. "Our strategic cost management actions have helped maintain financial resilience and operational efficiency in the face of a 6.4% sequential revenue decline this quarter."