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By Davit Kirakosyan
Utilized Supplies (NASDAQ:) shares had been buying and selling round 4% decrease after-hours after the corporate reported , with EPS of $1.85 coming in worse than the consensus estimate of $1.90. Income grew 12% year-over-year to $6.25 billion, in comparison with the consensus estimate of $6.37 billion.
“Demand for Utilized Supplies’ services has by no means been stronger, but we stay constrained by on-going provide chain points,” mentioned Gary Dickerson, President and CEO. “Our precedence is to work shortly and creatively throughout the availability chain to deliver extra business capability on-line, whereas accelerating the expertise inflections that we imagine will allow Utilized to outgrow the semiconductor market within the years forward.”
The corporate supplied its Q3/22 outlook, anticipating EPS within the vary of $1.59-$1.95, in comparison with the consensus of $2.04, and income of $6.25 billion, in comparison with the consensus of $6.73 billion.
Shares of Utilized Supplies had been down 30% year-to-date into the outcomes.
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