Earnings surprises

Micron’s earnings suggest chip decline could be worse than Wall Street expects

Micron Technology Inc executives warned of a downturn in semiconductors in late June, but now they say the “sharp and sudden” drop in demand has exceeded even those expectations, suggesting that the current chip glut may be getting worse. micron MU, -1.94% On Thursday it reported a worse-than-expected fourth fiscal quarter, with revenue down 23% …

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The warning about Ford’s big profits is really good news. Just ask Wall Street.

font size There is an upside to Ford’s ugly Q3 2022 update. Leon Neal / Getty Images Ford Motor He said parts shortages and inflation would make it with a third-quarter operating profit below consensus estimates. However, Wall Street does not seem to be too concerned stronghold (Bar stock: F) or peers. There are some …

The warning about Ford’s big profits is really good news. Just ask Wall Street. Read More »