Tuesday, December 27, 2011

Exar Trims Financial Guidance

On December 28, Exar Corporation revised downward its financial guidance citing "weaker economic conditions in Asia and Europe and continued inventory corrections" across all product lines. Exar now expects revenue for the fiscal third quarter to be between $28 million and $30 million and non-GAAP gross margin to be between 48% and 50%. http://www.exar.com

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