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Standard Microsystems (SMSC) falls 9.8% AH after reporting FQ2 results. While revenue of $112.6M...

Standard Microsystems (SMSC) falls 9.8% AH after reporting FQ2 results. While revenue of $112.6M (+8% Y/Y) was in-line and EPS of $0.36 only missed by a penny, the company is guiding for FQ3 revenue of $105M-$110M and EPS of $0.30-$0.37, below a consensus of $117.2M and $0.45. Weak PC and consumer electronics chip sales are blamed for the revenue decline.

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