While the slowdown witnessed in the semiconductor industry late last year and the first half of this year seems to have finally eased, thanks to demand recover, unfavorable macroeconomic backdrop and China-related headwinds continue to be major show spoilers.
A pricing war between Advanced Micro Devices (NASDAQ: AMD) and Intel Corp (NASDAQ: INTC) in the processor market is also not helping the stocks as both end up denting their margins. AMD may currently be riding high on its partnership with Microsoft (NASDAQ: MSFT) but it’s high time the chip-maker starts formulating a growth plan beyond this deal.
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Seagate Technology (NYSE: ALK) reported first-quarter 2022 financial results before the regular market hours on Friday. The company reported Q1 revenue of $3.12 billion, up 35% year-over-year and higher than
Schlumberger Limited (NYSE: SLB) came up with its third-quarter 2021 results on Friday. Revenue increased to $5.8 billion from $5.2 billion last year. Analysts had expected revenue of $5.09 billion.
Honeywell International Inc. (NASDAQ: HON) reported third quarter 2021 earnings results today. Sales increased 9% year-over-year to $8.4 billion but missed projections of $8.6 billion. On an organic basis, sales