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Technology Stocks : Semi Equipment Analysis

SOXX 199.38

-1.0%

Mar 21 4:00 PM EDT

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To: Johnny Canuck who wrote (89070)	9/30/2022 3:08:56 PM
From: Return to Sender	Read Replies (2) of 94065

They have to say something. Here is what Briefing.com said yesterday after earnings were reported by MU: Micron beats by $0.07, misses on revs; guides Q1 EPS below consensus, revs below consensus; reducing supply growth, including ~50% fab equipment capex cut versus last year 4:07 PM ET 9/29/22 \| Briefing.com Reports Q4 (Aug) earnings of $1.45 per share, excluding non-recurring items, $0.07 better than the S&P Capital IQ Consensus of $1.38; revenues fell 19.7% year/year to $6.64 bln vs the $6.78 bln S&P Capital IQ Consensus. Co issues downside guidance for Q1, sees EPS of $(0.06)-$0.14, excluding non-recurring items, vs. $0.72 S&P Capital IQ Consensus; sees Q1 revs of $4.0-4.5 bln vs. $5.68 bln S&P Capital IQ Consensus.Co added, "We are taking decisive steps to reduce our supply growth including a nearly 50% wafer fab equipment capex cut versus last year, and we expect to emerge from this downcycle well positioned to capitalize on the long-term demand for memory and storage."

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