Exar -2.5% AH on FQ4 warning

|About: Exar Corporation (EXAR)|By:, SA News Editor

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.