The chip reports were a pleasant surprise – but the shares continue to plunge

by time news

The company did beat forecasts, with revenues of $4.67 billion and a profit of $2.13 per share, compared to expectations for $4.61 billion in revenues and $1.97 in profit per share – but these figures still constituted the first decrease in its revenues since 2020, at a rate of 3.4%. After two and a half years of double-digit rate increases every quarter.

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For the current quarter, it presented disappointing expectations, for revenues of 4.35 billion dollars and a profit of 1.77 dollars per share, compared to previous expectations for 4.41 billion dollars in revenues and 1.86 dollars per share in the profit line. However, she calmed down and emphasized that in the second half she expects a significant recovery, and stated that she does not intend to lay off employees, since unlike many of her colleagues she did not go crazy in increasing her workforce during the Corona period.

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