Solar firms have been facing rising inventory levels in Europe as well as softening customer demand in the U.S. due to the metering reform in California and high lending rates. Enphase said revenue in Europe decreased about 70% sequentially in the fourth quarter, as it reduced shipments to manage rising inventory levels at distribution partners.
Semiconductor maker Himax Technologies (NASDAQ:HIMX) reported results in line with analysts' expectations in Q4 FY2023, with revenue down 13.2% year on year to $227.7 million. It made a GAAP profit of $0.14 per share, down from its profit of $0.24 per share in the same quarter last year.
Avnet, Inc. (NASDAQ:AVT) Q2 2024 Earnings Call Transcript January 31, 2024 Avnet, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Welcome to the Avnet Second Quarter Fiscal Year 2024 Earnings Conference Call. I would now like to turn the […]