Seeking Alpha

Exar -2.5% AH on FQ4 warning

  • 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.
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