Seeking Alpha

Chipmaker Exar (EXAR) drops 3.3% AH after warning it expects FQ3 revenue of $28M-$30M and a...

Chipmaker Exar (EXAR) drops 3.3% AH after warning it expects FQ3 revenue of $28M-$30M and a gross margin of 48%-50%, below prior guidance of $32M-$34M and 49%-51%. The company blames "weaker economic conditions in Asia and Europe and continued inventory corrections."
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