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Earnings season highlights sharp divergence between domestic and global firms
Corporate earnings remained mixed, with selective domestic weakness offset by strong global semiconductor performance and optimistic forward guidance from Micron.
Recent earnings announcements reflected uneven performance across companies during the ongoing results season. BF Utilities reported its financial results on December 16, with its shares trading lower following the disclosure, signaling cautious investor response. Excelsoft Technologies and Indrayani Biotech also released quarterly updates amid broader Q3 reporting. Globally, Micron Technology delivered stronger results, meeting revenue expectations with $18.74 billion in first quarter sales and posting earnings per share of $3.94.