EXAR now expects FQ4 (March quarter) revenue of $28M, below prior guidance of $30M-$32M and a $30.9M consensus. (PR)
CEO Louis DiNardo: "Delays in high reliability programs and software license revenue, as well as continued weakness in the networking market, contributed to a softer than expected month of March. Conversely, our core business in the industrial market performed well."
The analog/mixed-signal chipmaker's FQ4 report is due on May 5.