Non-GAAP (or generally accepted accounting principles) earnings per share (EPS) stood at 13 US cents, again surpassing market expectations.
KGI Research has kept its “buy” call on AEM Holdings (SGX:AWX
) with a target price of $4.15 after its key customer, Intel showed an early sign of recovery.
On July 27, Intel reported its results for the 2QFY2023 ended June, with revenue beating estimates at US$12.9 billion ($17.26 billion) despite the 15% y-o-y decline. The company had turned profitable after two straight loss-making quarters just before.
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