This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEC0716T_M.jpg
While EPS of $1.87 and revenue of $4.53 billion (down 13% year-over-year) came in better than the consensus estimates of $1.76 and $4.37B, respectively, Q3 guidance missed expectations.
The company cited a slow recovery in consumer and enterprise demand, which has led to a lack of fresh chip orders from clients.
For Q3/23, the company expects EPS in the range of $1.68-$1.92, compared to the consensus of $1.91, and revenue in the range of $4.36-$4.74B, compared to the consensus estimate of $4.6B.
