Business | January 03, 2012

Exar updates 3Q outlook

Exar Corporation revises revenue and Non-GAAP gross margin outlook for fiscal 2012 third quarter.
Exar Corporation announced a revision to its fiscal 2012 third quarter revenue and non-GAAP gross margin guidance. The Company currently expects revenue for the fiscal third quarter to be between $28 million and $30 million and non-GAAP gross margin to be between 48% and 50%.

"The revenue outlook across all product lines has fallen below the original forecasted range due to weaker economic conditions in Asia and Europe and continued inventory corrections," commented Kevin Bauer, the Company's senior vice president and chief financial officer.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
August 13 2017 4:10 PM V8.5.9-2